StockNews.com lowered shares of Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI from a buy rating to a hold rating in a research report released on Thursday morning.
CIGI has been the topic of several other research reports. Raymond James reduced their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada boosted their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Scotiabank cut their price objective on Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a research report on Monday, December 16th. They issued a "neutral" rating and a $167.00 target price on the stock. Finally, National Bank Financial upgraded shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Colliers International Group has a consensus rating of "Moderate Buy" and a consensus target price of $168.63.
Check Out Our Latest Stock Report on CIGI
Colliers International Group Price Performance
Colliers International Group stock traded up $0.40 during mid-day trading on Thursday, hitting $128.22. The stock had a trading volume of 160,892 shares, compared to its average volume of 127,884. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $6.49 billion, a P/E ratio of 40.19 and a beta of 1.49. The firm's 50 day moving average is $135.19 and its 200 day moving average is $143.00.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, sell-side analysts forecast that Colliers International Group will post 6.2 earnings per share for the current fiscal year.
Colliers International Group Dividend Announcement
The firm also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. This represents a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group's dividend payout ratio (DPR) is 9.40%.
Hedge Funds Weigh In On Colliers International Group
Large investors have recently bought and sold shares of the business. FIL Ltd lifted its stake in shares of Colliers International Group by 116.5% during the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock worth $210,449,000 after purchasing an additional 832,583 shares during the last quarter. Norges Bank purchased a new stake in shares of Colliers International Group during the fourth quarter valued at about $74,615,000. Janus Henderson Group PLC bought a new stake in shares of Colliers International Group in the 3rd quarter valued at about $69,920,000. Franklin Resources Inc. grew its position in shares of Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after buying an additional 340,691 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in shares of Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock worth $59,320,000 after buying an additional 176,232 shares during the last quarter. Institutional investors own 80.09% of the company's stock.
Colliers International Group Company Profile
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Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.
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