BMO Capital Markets Boosts Colliers International Group (NASDAQ:CIGI) Price Target to $163.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price hoisted by BMO Capital Markets from $140.00 to $163.00 in a report published on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on CIGI. Raymond James downgraded shares of Colliers International Group from a strong-buy rating to an outperform rating and lifted their price objective for the stock from $150.00 to $160.00 in a report on Friday. 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, Scotiabank increased their price objective on shares of Colliers International Group from $150.00 to $155.00 and gave the stock a sector outperform rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $155.83.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $136.22 on Friday. The firm has a market cap of $6.67 billion, a PE ratio of 66.45 and a beta of 1.50. Colliers International Group has a 1 year low of $83.38 and a 1 year high of $140.52. The firm’s 50-day simple moving average is $117.95 and its 200-day simple moving average is $116.90. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.18 and a current ratio of 1.18.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.20). Colliers International Group had a return on equity of 25.35% and a net margin of 3.20%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $989.03 million. Equities analysts forecast that Colliers International Group will post 5.51 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a dividend yield of 0.3%. Colliers International Group’s payout ratio is currently 14.63%.

Institutional Trading of Colliers International Group

Hedge funds have recently added to or reduced their stakes in the business. Compass Ion Advisors LLC lifted its holdings in Colliers International Group by 16.5% in the fourth quarter. Compass Ion Advisors LLC now owns 2,681 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 380 shares during the period. Tobam acquired a new stake in shares of Colliers International Group in the 4th quarter worth approximately $58,000. Mackenzie Financial Corp boosted its holdings in shares of Colliers International Group by 33.6% in the fourth quarter. Mackenzie Financial Corp now owns 725,052 shares of the financial services provider’s stock valued at $91,754,000 after acquiring an additional 182,167 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Colliers International Group by 13.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,832 shares of the financial services provider’s stock valued at $1,123,000 after acquiring an additional 1,074 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in Colliers International Group in the fourth quarter worth approximately $252,000. 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.