Scotiabank Issues Pessimistic Forecast for Colliers International Group (NASDAQ:CIGI) Stock Price

Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI had its target price cut by Scotiabank from $172.50 to $170.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a sector outperform rating on the financial services provider's stock.

CIGI has been the subject of several other reports. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $167.00 price target for the company. 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 research note on Monday, October 21st. StockNews.com cut Colliers International Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. The Goldman Sachs Group assumed 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 target for the company. Finally, National Bank Financial upgraded shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Colliers International Group has an average rating of "Moderate Buy" and a consensus price target of $164.63.

Colliers International Group Trading Down 0.4 %

NASDAQ CIGI traded down $0.53 during mid-day trading on Tuesday, reaching $143.70. 56,528 shares of the stock were exchanged, compared to its average volume of 86,802. The stock has a market cap of $7.25 billion, a P/E ratio of 45.76 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 has a one year low of $101.01 and a one year high of $156.96. The stock has a 50 day simple moving average of $141.66 and a 200-day simple moving average of $143.02.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data 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 business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, analysts anticipate that Colliers International Group will post 5.41 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. Investors of record on Tuesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group's dividend payout ratio (DPR) is presently 9.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Entropy Technologies LP purchased a new stake in Colliers International Group during the 4th quarter worth about $354,000. Empowered Funds LLC lifted its holdings in shares of Colliers International Group by 31.0% in the fourth quarter. Empowered Funds LLC now owns 16,265 shares of the financial services provider's stock worth $2,212,000 after buying an additional 3,850 shares in the last quarter. Triasima Portfolio Management inc. boosted its position in shares of Colliers International Group by 8.7% in the fourth quarter. Triasima Portfolio Management inc. now owns 15,058 shares of the financial services provider's stock valued at $2,047,000 after acquiring an additional 1,200 shares during the period. Tobam increased its holdings in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after acquiring an additional 98 shares during the period. Finally, Cibc World Market Inc. lifted its stake in Colliers International Group by 3.9% in the 4th quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider's stock worth $29,814,000 after purchasing an additional 8,148 shares in the last quarter. Institutional investors own 80.09% of the company's stock.

About Colliers International Group

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.