Colliers International Group (NASDAQ:CIGI) Price Target Raised to $185.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target hoisted by National Bankshares from $181.00 to $185.00 in a research report sent to investors on Monday,BayStreet.CA reports.

CIGI has been the subject of several other reports. CIBC increased their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. increased their target price on shares of Colliers International Group from $137.00 to $181.00 and gave the company a “neutral” rating in a research report on Tuesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, October 8th. Scotiabank upped their price target on Colliers International Group from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. Finally, Stifel Nicolaus raised their price objective on Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.70.

Colliers International Group Trading Down 2.4%

CIGI opened at $143.28 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 62.57 and a beta of 1.39. Colliers International Group has a 12 month low of $100.86 and a 12 month high of $171.51. The stock has a fifty day moving average price of $150.12 and a 200-day moving average price of $148.63.

Colliers International Group Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.15 per share. This represents a dividend yield of 21.0%. The ex-dividend date is Wednesday, December 31st. Colliers International Group’s payout ratio is presently 13.10%.

Hedge Funds Weigh In On Colliers International Group

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Colliers International Group by 26.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after buying an additional 63 shares during the period. Blue Trust Inc. raised its position in Colliers International Group by 17.1% during the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 74 shares in the last quarter. Stonegate Investment Group LLC lifted its holdings in Colliers International Group by 4.2% in the third quarter. Stonegate Investment Group LLC now owns 1,900 shares of the financial services provider’s stock valued at $297,000 after acquiring an additional 76 shares during the period. Cornerstone Investment Partners LLC lifted its holdings in Colliers International Group by 3.6% in the second quarter. Cornerstone Investment Partners LLC now owns 2,193 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 77 shares during the period. Finally, Vista Finance LLC boosted its position in Colliers International Group by 4.1% in the 2nd quarter. Vista Finance LLC now owns 3,073 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 120 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

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.