National Bankshares Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $169.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective cut by National Bankshares from $182.00 to $169.00 in a report published on Friday,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on the company. The Goldman Sachs Group assumed coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price for the company. Royal Bank of Canada boosted their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Raymond James lifted their price target 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. Finally, Scotiabank lowered their price objective on shares of 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 investment 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. According to data from MarketBeat, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group Price Performance

Shares of CIGI stock opened at $135.28 on Friday. The firm’s 50 day moving average price is $140.24 and its two-hundred day moving average price is $143.62. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. Colliers International Group has a 52-week low of $101.01 and a 52-week high of $156.96. The stock has a market cap of $6.67 billion, a PE 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 earnings per share 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, analysts forecast that Colliers International Group will post 6.58 EPS for the current year.

Colliers International Group Announces Dividend

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

Institutional Trading of Colliers International Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. grew its stake in 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 valued at $90,000 after purchasing an additional 124 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Colliers International Group in the 3rd quarter valued at approximately $112,000. Tobam grew its stake in shares of Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after buying an additional 98 shares in the last quarter. Blue Trust Inc. increased its holdings 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 worth $141,000 after buying an additional 619 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Colliers International Group during the fourth quarter worth $145,000. Institutional investors and hedge funds 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.