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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective upped by Royal Bank of Canada from $170.00 to $175.00 in a report published on Friday, MarketBeat Ratings reports. The brokerage 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. 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. JPMorgan Chase & Co. started coverage on Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective for the company. National Bankshares cut their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday. The Goldman Sachs Group initiated coverage on Colliers International Group in a research report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price target for the company. Finally, Raymond James lifted their price objective on shares of Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Four equities 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group Trading Down 0.6 %

NASDAQ CIGI opened at $135.28 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group has a 52 week low of $101.01 and a 52 week high of $156.96. The business has a 50 day moving average price of $140.24 and a 200-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.

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

Colliers International Group Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders 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 is presently 9.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Stonegate Investment Group LLC purchased a new position in Colliers International Group in the third quarter valued at approximately $264,000. Dixon Mitchell Investment Counsel Inc. boosted its holdings in Colliers International Group by 7.2% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 86,011 shares of the financial services provider’s stock worth $13,068,000 after buying an additional 5,800 shares during the period. Blue Trust Inc. grew its stake in Colliers International Group by 197.8% in the 3rd 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 in the last quarter. Whittier Trust Co. raised its holdings in Colliers International Group by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock valued at $540,000 after acquiring an additional 277 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 worth $90,000 after acquiring an additional 124 shares in the last quarter. 80.09% of the stock is owned by institutional investors.

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.