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

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

Several other equities analysts have also recently commented on the stock. The Goldman Sachs Group started coverage on shares of Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective for the company. Royal Bank of Canada upped their price target 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. JPMorgan Chase & Co. started coverage on Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective on the stock. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Raymond James raised their price target on Colliers International Group from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Four 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.com, Colliers International Group has an average rating of “Moderate Buy” and an average price target of $168.63.

Colliers International Group Trading Down 0.6 %

NASDAQ:CIGI opened at $135.28 on Friday. The company has a market cap of $6.67 billion, a P/E ratio of 43.08 and a beta of 1.49. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s fifty day moving average price is $140.61 and its two-hundred day moving average price is $143.44.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. As a group, analysts expect that Colliers International Group will post 5.41 EPS for the current year.

Colliers International Group Announces Dividend

The company also recently disclosed 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. 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 is 9.55%.

Institutional Trading of Colliers International Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tobam raised its stake in shares of Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 98 shares in the last quarter. Plato Investment Management Ltd grew its holdings in shares of Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 118 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Colliers International Group by 26.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 124 shares during the period. King Luther Capital Management Corp lifted its stake in Colliers International Group by 1.2% in the third quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock worth $2,222,000 after purchasing an additional 178 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after buying an additional 254 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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.