Colliers International Group (NASDAQ:CIGI) Given New $166.00 Price Target at Scotiabank

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

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

Colliers International Group Price Performance

Colliers International Group stock opened at $135.28 on Friday. The business’s 50-day simple moving average is $140.61 and its 200 day simple moving average is $143.44. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 43.08 and a beta of 1.49. Colliers International Group has a 12-month low of $101.01 and a 12-month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly 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, research analysts anticipate that Colliers International Group will post 5.41 earnings per share for the current year.

Colliers International Group Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued 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 9.55%.

Institutional Investors Weigh In On Colliers International Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CIGI. Franklin Resources Inc. grew its stake in shares of Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after acquiring an additional 340,691 shares in the last quarter. Alberta Investment Management Corp increased its stake in Colliers International Group by 3.4% in the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock valued at $85,143,000 after buying an additional 20,794 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Colliers International Group during the 3rd quarter worth about $69,920,000. Loomis Sayles & Co. L P boosted its stake in shares of Colliers International Group by 55.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock worth $54,461,000 after buying an additional 128,005 shares during the last quarter. Finally, Cibc World Market Inc. grew its holdings in shares of Colliers International Group by 3.9% in the 4th quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider’s stock valued at $29,814,000 after acquiring an additional 8,148 shares in the last quarter. Institutional investors and hedge funds 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.