Royal Bank of Canada Forecasts Strong Price Appreciation for Colliers International Group (NASDAQ:CIGI) Stock

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

Several other research analysts have also recently issued reports on the stock. Scotiabank reduced their target price on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a report on Friday. Raymond James lifted their price objective on Colliers International Group from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. began coverage on Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price on the stock. The Goldman Sachs Group initiated coverage on Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 price target for the company. Finally, National Bankshares lowered 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. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group Stock Down 0.6 %

CIGI stock opened at $135.28 on Friday. Colliers International Group has a 52 week low of $101.01 and a 52 week high of $156.96. The firm has a 50 day moving average of $140.61 and a 200 day moving average of $143.44. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $6.67 billion, a PE ratio of 43.08 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results 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%. Sell-side analysts forecast that Colliers International Group will post 5.41 earnings per share for the current year.

Colliers International Group Dividend Announcement

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

Institutional Trading of Colliers International Group

Several institutional investors have recently modified their holdings of the stock. King Luther Capital Management Corp raised its position in shares of Colliers International Group by 2.2% during the 4th quarter. King Luther Capital Management Corp now owns 14,957 shares of the financial services provider’s stock worth $2,034,000 after purchasing an additional 318 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Colliers International Group by 17.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,998 shares of the financial services provider’s stock worth $1,495,000 after buying an additional 1,652 shares in the last quarter. PCJ Investment Counsel Ltd. raised its holdings in shares of Colliers International Group by 17.1% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 51,540 shares of the financial services provider’s stock valued at $7,001,000 after acquiring an additional 7,520 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Colliers International Group in the fourth quarter valued at approximately $1,259,000. Finally, Plato Investment Management Ltd boosted its stake in shares of Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 118 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

About Colliers International Group

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.