Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI had its price objective lowered by National Bankshares from $182.00 to $169.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the financial services provider's stock.
A number of other equities research analysts have also weighed in on CIGI. Raymond James lifted their target price on shares of Colliers International Group from $160.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research note on Monday, December 16th. They set a "neutral" rating and a $167.00 price objective on the stock. National Bank Financial raised shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group began coverage on shares of Colliers International Group in a research note on Friday, December 6th. They set a "neutral" rating and a $170.00 price objective on the stock. Finally, Scotiabank dropped their price objective on shares of Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating on the stock in a research note on Friday. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Colliers International Group presently has an average rating of "Moderate Buy" and a consensus target price of $168.63.
Get Our Latest Stock Analysis on CIGI
Colliers International Group Price Performance
NASDAQ CIGI traded down $2.56 on Friday, hitting $132.57. The stock had a trading volume of 82,624 shares, compared to its average volume of 124,277. Colliers International Group has a 52-week low of $101.01 and a 52-week 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. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 41.54 and a beta of 1.49. The firm has a 50-day moving average of $139.91 and a 200-day moving average of $143.62.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.89%. Equities analysts expect that Colliers International Group will post 6.58 EPS for the current year.
Colliers International Group Announces Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group's payout ratio is 9.40%.
Institutional Trading of Colliers International Group
Several large investors have recently added to or reduced their stakes in CIGI. Stonegate Investment Group LLC bought a new stake in Colliers International Group during the third quarter valued at approximately $264,000. Dixon Mitchell Investment Counsel Inc. grew its position in Colliers International Group by 7.2% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 86,011 shares of the financial services provider's stock valued at $13,068,000 after buying an additional 5,800 shares during the period. Blue Trust Inc. grew 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 valued at $141,000 after buying an additional 619 shares during the period. Whittier Trust Co. grew its position in Colliers International Group by 8.4% during the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider's stock valued at $540,000 after buying an additional 277 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew 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 valued at $90,000 after buying an additional 124 shares during the period. 80.09% of the stock is currently owned by institutional investors.
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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