Colliers International Group (NASDAQ:CIGI) Given New $175.00 Price Target at Raymond James

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

Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price for the company. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group initiated coverage on Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Scotiabank reduced their price target on Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $164.63.

Colliers International Group Stock Up 1.7 %

CIGI opened at $143.19 on Thursday. The business has a 50 day simple moving average of $141.62 and a 200-day simple moving average of $143.01. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96. The stock has a market capitalization of $7.06 billion, a P/E 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 (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. Colliers International Group’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. On average, equities analysts anticipate that Colliers International Group will post 5.41 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders 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 payout ratio is 9.55%.

Institutional Investors Weigh In On Colliers International Group

Institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of 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 valued at $90,000 after purchasing an additional 124 shares in the last quarter. Plato Investment Management Ltd purchased a new position in Colliers International Group in the third quarter valued at approximately $112,000. Tobam lifted its position in Colliers International Group by 12.0% during 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. grew 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 buying an additional 619 shares during the period. Finally, Stonegate Investment Group LLC acquired a new stake in shares of Colliers International Group in the third quarter worth $264,000. 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.