Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI had its target price hoisted by Raymond James from $160.00 to $175.00 in a report published on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the financial services provider's stock.
Other research analysts have also recently issued research reports about the stock. Scotiabank cut their target price on shares of Colliers International Group from $172.50 to $170.00 and set a "sector outperform" rating for the company in a research note on Tuesday, January 28th. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a report on Friday, December 6th. They issued a "neutral" rating and a $170.00 price objective on the stock. Royal Bank of Canada upped their price target on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. National Bank Financial raised shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. Finally, StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Colliers International Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.63.
View Our Latest Stock Report on Colliers International Group
Colliers International Group Price Performance
Shares of NASDAQ:CIGI traded down $3.05 during midday trading on Thursday, reaching $139.30. 111,031 shares of the company's stock were exchanged, compared to its average volume of 92,113. The firm has a market capitalization of $6.86 billion, a PE ratio of 44.36 and a beta of 1.49. The company's 50 day simple moving average is $141.55 and its two-hundred day simple moving average is $143.32. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The company's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. Equities research analysts expect that Colliers International Group will post 5.41 earnings per share for the current fiscal year.
Colliers International Group Dividend Announcement
The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group's dividend payout ratio (DPR) is presently 9.55%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in CIGI. Whittier Trust Co. of Nevada Inc. increased its position in Colliers International Group by 26.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider's stock worth $90,000 after buying an additional 124 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of Colliers International Group in the third quarter valued at about $112,000. Tobam grew its stake in shares of Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after acquiring an additional 98 shares in the last quarter. Blue Trust Inc. increased its position in Colliers International Group by 197.8% during the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider's stock worth $141,000 after acquiring an additional 619 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in Colliers International Group in the 4th quarter worth about $145,000. Institutional investors and hedge funds 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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