Raymond James downgraded shares of Colliers International Group (NASDAQ:CIGI – Free Report) (TSE:CIGI) from a strong-buy rating to an outperform rating in a research report report published on Friday morning, Marketbeat reports. The brokerage currently has $160.00 target price on the financial services provider’s stock, up from their previous target price of $150.00.
Other equities research analysts have also recently issued research reports about the stock. Scotiabank upped their price objective on shares of Colliers International Group from $135.00 to $150.00 and gave the stock an outperform rating in a report on Tuesday, July 23rd. Royal Bank of Canada reaffirmed an outperform rating and set a $145.00 price objective on shares of Colliers International Group in a research report on Tuesday, June 4th. Finally, BMO Capital Markets boosted their target price on Colliers International Group from $137.00 to $140.00 and gave the stock an outperform rating in a report on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $155.83.
View Our Latest Stock Report on CIGI
Colliers International Group Stock Up 2.0 %
Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Colliers International Group had a net margin of 3.20% and a return on equity of 25.35%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 EPS. Research analysts anticipate that Colliers International Group will post 5.51 EPS for the current year.
Colliers International Group Dividend Announcement
The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a yield of 0.3%. Colliers International Group’s payout ratio is currently 14.63%.
Institutional Trading of Colliers International Group
Institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Colliers International Group by 575.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares in the last quarter. Blue Trust Inc. lifted its stake in Colliers International Group by 3,377.8% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 304 shares during the period. PNC Financial Services Group Inc. lifted its stake in Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 316 shares during the period. Tobam purchased a new stake in shares of Colliers International Group during the 4th quarter valued at about $58,000. Finally, Security National Bank bought a new stake in shares of Colliers International Group in the fourth quarter worth approximately $70,000. 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.
Featured Stories
- Five stocks we like better than Colliers International Group
- Where to Find Earnings Call Transcripts
- Uber’s Earnings Beat: Rideshare and Delivery Surge
- How Investors Can Find the Best Cheap Dividend Stocks
- Hims & Hers Reports Stellar Quarter: Stock Set for a Rally
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Cloudflare Stock Flares Up on Solid EPS Beat and Raised Guidance
Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.