Colliers International Group (NASDAQ:CIGI) Given New $175.00 Price Target at Royal Bank of Canada

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target boosted by Royal Bank of Canada from $170.00 to $175.00 in a research report sent to investors on Friday, Marketbeat reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other brokerages also recently issued reports on CIGI. National Bankshares decreased their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday. JPMorgan Chase & Co. started coverage on Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective for the company. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Scotiabank dropped their price target on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research note on Friday. Four investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.63.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $135.28 on Friday. The company 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 1 year low of $101.01 and a 1 year high of $156.96. The stock’s 50 day simple moving average is $140.61 and its two-hundred day simple moving average is $143.44. 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 quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts anticipate that Colliers International Group will post 5.41 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s payout ratio is currently 9.55%.

Hedge Funds Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. King Luther Capital Management Corp raised its holdings in shares of Colliers International Group by 2.2% in the fourth quarter. King Luther Capital Management Corp now owns 14,957 shares of the financial services provider’s stock valued at $2,034,000 after acquiring an additional 318 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Colliers International Group by 17.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,998 shares of the financial services provider’s stock valued at $1,495,000 after purchasing an additional 1,652 shares in the last quarter. PCJ Investment Counsel Ltd. lifted its position in shares of Colliers International Group by 17.1% in the 4th quarter. PCJ Investment Counsel Ltd. now owns 51,540 shares of the financial services provider’s stock worth $7,001,000 after purchasing an additional 7,520 shares during the period. Raymond James Financial Inc. bought a new position in shares of Colliers International Group during the fourth quarter valued at approximately $1,259,000. Finally, Plato Investment Management Ltd lifted its holdings in Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after buying an additional 118 shares during the period. 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.