Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI had its price objective decreased by Scotiabank from $170.00 to $166.00 in a research report sent to investors on Friday,Benzinga reports. Scotiabank currently has a sector outperform rating on the financial services provider's stock.
A number of other equities analysts have also recently weighed in on CIGI. Raymond James raised their price objective on Colliers International Group from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. began coverage on Colliers International Group in a report on Monday, December 16th. They set a "neutral" rating and a $167.00 price objective on the stock. National Bank Financial raised Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Royal Bank of Canada raised their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group began coverage on Colliers International Group in a report on Friday, December 6th. They set a "neutral" rating and a $170.00 price objective on the stock. 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 company's stock. According to data from MarketBeat.com, Colliers International Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.63.
View Our Latest Analysis on CIGI
Colliers International Group Price Performance
Shares of NASDAQ:CIGI traded down $1.84 on Friday, hitting $133.29. The company's stock had a trading volume of 127,400 shares, compared to its average volume of 126,067. The company has a 50-day simple moving average of $139.91 and a 200 day simple moving average of $143.62. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a market capitalization of $6.57 billion, a PE ratio of 41.78 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results 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%. Sell-side analysts forecast that Colliers International Group will post 6.58 EPS 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 given 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 is currently 9.40%.
Institutional Investors Weigh In On Colliers International Group
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock valued at $253,867,000 after purchasing an additional 21,422 shares in the last quarter. Franklin Resources Inc. raised its stake in Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after buying an additional 340,691 shares during the last quarter. Alberta Investment Management Corp raised its stake in Colliers International Group by 3.4% during the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider's stock valued at $85,143,000 after buying an additional 20,794 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Colliers International Group during the third quarter valued at $69,920,000. Finally, Loomis Sayles & Co. L P raised its stake in Colliers International Group by 55.5% during the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider's stock valued at $54,461,000 after buying an additional 128,005 shares during the last quarter. 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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