Scotiabank Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $166.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target cut by Scotiabank from $170.00 to $166.00 in a research note published on Friday,Benzinga reports. They currently have a sector outperform rating on the financial services provider’s stock.

Several other analysts also recently issued reports on CIGI. Raymond James increased their price objective on shares of Colliers International Group from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. The Goldman Sachs Group began coverage on shares of Colliers International Group in a research report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price on the stock. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.63.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $135.28 on Friday. The firm’s fifty day simple moving average is $140.24 and its 200 day simple moving average is $143.62. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group has a twelve month low of $101.01 and a twelve month high of $156.96. The firm has a market capitalization 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 issued its quarterly earnings data 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 return on equity of 20.89% and a net margin of 3.35%. As a group, equities research analysts expect that Colliers International Group will post 6.58 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group’s dividend payout ratio (DPR) is presently 9.40%.

Hedge Funds Weigh In On Colliers International Group

A number of hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its stake in 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 valued at $90,000 after buying an additional 124 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of Colliers International Group in the 3rd quarter valued at approximately $112,000. Tobam raised its position in shares of Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 98 shares in the last quarter. Blue Trust Inc. lifted its stake 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 purchasing an additional 619 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in Colliers International Group during the fourth quarter worth $145,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

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.