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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target increased by Raymond James from $160.00 to $175.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

Several other analysts have also issued reports on the stock. Royal Bank of Canada upped their target price on shares of 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 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. assumed coverage on Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 price target on the stock. Scotiabank cut their price objective on Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Finally, StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.63.

Colliers International Group Stock Performance

Colliers International Group stock opened at $143.19 on Thursday. The firm has a 50 day simple moving average of $141.62 and a 200-day simple moving average of $143.01. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 45.60 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 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 data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. On average, analysts expect that Colliers International Group will post 5.41 EPS for the current year.

Colliers International Group Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s dividend payout ratio is currently 9.55%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vista Finance LLC purchased a new position in shares of Colliers International Group during the fourth quarter worth about $375,000. Entropy Technologies LP acquired a new stake in shares of Colliers International Group in the 4th quarter valued at about $354,000. Empowered Funds LLC grew its position in shares of Colliers International Group by 31.0% during the fourth quarter. Empowered Funds LLC now owns 16,265 shares of the financial services provider’s stock worth $2,212,000 after acquiring an additional 3,850 shares during the last quarter. Triasima Portfolio Management inc. boosted its stake in Colliers International Group by 8.7% during the 4th quarter. Triasima Portfolio Management inc. now owns 15,058 shares of the financial services provider’s stock worth $2,047,000 after purchasing an additional 1,200 shares during the period. Finally, Tobam boosted its stake in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 98 shares during the period. 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.