StockNews.com upgraded shares of Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI from a hold rating to a buy rating in a research report sent to investors on Wednesday.
Other analysts have also issued reports about the stock. National Bankshares lowered their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Scotiabank lowered their price objective on shares of Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating for the company in a report on Friday, February 7th. Raymond James decreased their target price on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Royal Bank of Canada raised their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, BMO Capital Markets decreased their target price on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $168.63.
View Our Latest Report on CIGI
Colliers International Group Trading Down 2.0 %
Shares of Colliers International Group stock traded down $2.56 during trading on Wednesday, reaching $125.50. 93,230 shares of the stock were exchanged, compared to its average volume of 123,123. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The stock's fifty day moving average is $136.82 and its 200 day moving average is $143.21. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 39.34 and a beta of 1.49.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. As a group, equities research analysts expect that Colliers International Group will post 6.2 earnings per share for the current fiscal year.
Colliers International Group Announces Dividend
The company also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group's dividend payout ratio (DPR) is currently 9.40%.
Institutional Investors Weigh In On Colliers International Group
Several institutional investors and hedge funds have recently made changes to their positions in CIGI. FIL Ltd increased its position in shares of Colliers International Group by 116.5% during the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock valued at $210,449,000 after acquiring an additional 832,583 shares in the last quarter. Norges Bank bought a new stake in shares of Colliers International Group during the fourth quarter valued at approximately $74,615,000. Janus Henderson Group PLC purchased a new stake in Colliers International Group in the third quarter worth approximately $69,920,000. Franklin Resources Inc. boosted its holdings in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after purchasing an additional 340,691 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in Colliers International Group by 67.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock worth $59,320,000 after purchasing an additional 176,232 shares during the last quarter. Institutional investors own 80.09% of the company's stock.
About Colliers International Group
(
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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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