Colliers International Group (NASDAQ:CIGI) Price Target Increased to $155.00 by Analysts at Scotiabank

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective hoisted by Scotiabank from $150.00 to $155.00 in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have a sector outperform rating on the financial services provider’s stock.

CIGI has been the topic of a number of other reports. Royal Bank of Canada reaffirmed an outperform rating and set a $145.00 price target on shares of Colliers International Group in a report on Tuesday, June 4th. BMO Capital Markets upped their price target on Colliers International Group from $137.00 to $140.00 and gave the company an outperform rating in a report on Tuesday, June 4th. Finally, Raymond James cut Colliers International Group from a strong-buy rating to an outperform rating and upped their price objective for the company from $150.00 to $160.00 in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Colliers International Group presently has an average rating of Moderate Buy and an average price target of $155.83.

Colliers International Group Stock Up 1.6 %

Colliers International Group stock traded up $2.15 during mid-day trading on Friday, hitting $134.01. The company had a trading volume of 91,787 shares, compared to its average volume of 118,823. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average price is $117.95 and its two-hundred day moving average price is $116.99. Colliers International Group has a 12 month low of $83.38 and a 12 month high of $140.52. The company has a market capitalization of $6.55 billion, a PE ratio of 64.32 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results 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). Colliers International Group had a return on equity of 25.35% and a net margin of 3.20%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $1.21 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Colliers International Group will post 5.51 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

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

Institutional Trading of Colliers International Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Scotia Capital Inc. increased its position in Colliers International Group by 3.5% in the fourth quarter. Scotia Capital Inc. now owns 5,491 shares of the financial services provider’s stock worth $692,000 after buying an additional 188 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Colliers International Group by 575.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after buying an additional 207 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Colliers International Group by 2.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 238 shares in the last quarter. Blue Trust Inc. increased its position in Colliers International Group by 3,377.8% in the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after buying an additional 304 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Colliers International Group by 252.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after buying an additional 316 shares in the last quarter. 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.