Colliers International Group (NASDAQ:CIGI) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) in a report issued on Monday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $167.00 price target on the financial services provider’s stock.

A number of other equities analysts have also commented on the stock. Scotiabank lifted their price target on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price target 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. The Goldman Sachs Group assumed coverage on 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. StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, BMO Capital Markets increased their price target on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Colliers International Group has a consensus rating of “Moderate Buy” and an average target price of $162.44.

Colliers International Group Trading Down 0.1 %

Colliers International Group stock opened at $145.42 on Monday. The firm’s 50 day moving average price is $149.87 and its two-hundred day moving average price is $137.49. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 46.31 and a beta of 1.47. 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 1 year low of $101.01 and a 1 year high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. On average, research analysts predict that Colliers International Group will post 5.44 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group’s dividend payout ratio is presently 9.55%.

Institutional Investors Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its position in shares of Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after acquiring an additional 340,691 shares during the last quarter. Barclays PLC acquired a new stake in Colliers International Group in the third quarter valued at $1,629,000. Public Employees Retirement System of Ohio acquired a new stake in Colliers International Group in the third quarter valued at $3,543,000. National Bank of Canada FI grew its position in shares of Colliers International Group by 21.0% in the 3rd quarter. National Bank of Canada FI now owns 84,362 shares of the financial services provider’s stock valued at $12,806,000 after acquiring an additional 14,633 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Colliers International Group by 10.5% in the third quarter. Jane Street Group LLC now owns 34,916 shares of the financial services provider’s stock valued at $5,299,000 after buying an additional 3,314 shares during the last quarter. 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.