Colliers International Group (NASDAQ:CIGI) Price Target Raised to $175.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target increased by Royal Bank of Canada from $170.00 to $175.00 in a report released on Friday, MarketBeat Ratings reports. They currently have an outperform rating on the financial services provider’s stock.

Several other research analysts have also commented on the company. Raymond James boosted their price objective on Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target on the stock. National Bankshares dropped their price target on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research note on Friday. The Goldman Sachs Group started coverage on Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock. Finally, Scotiabank dropped their target price on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research report on Friday. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group Stock Down 0.6 %

Shares of NASDAQ:CIGI opened at $135.28 on Friday. The firm has a fifty day moving average price of $140.24 and a two-hundred day moving average price of $143.62. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 42.41 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.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.89% and a net margin of 3.35%. Analysts anticipate that Colliers International Group will post 6.58 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The business 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. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s payout ratio is 9.40%.

Institutional Trading of Colliers International Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Colliers International Group by 26.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 124 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Colliers International Group during the 3rd quarter valued at $112,000. Tobam grew its holdings in Colliers International Group by 12.0% in 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 last quarter. Blue Trust Inc. increased its position in shares of Colliers International Group by 197.8% in the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 619 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in shares of Colliers International Group during the fourth quarter valued at about $145,000. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Company Profile

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.