Raymond James Issues Pessimistic Forecast for Colliers International Group (NASDAQ:CIGI) Stock Price

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price decreased by Raymond James from $175.00 to $170.00 in a report released on Friday morning,BayStreet.CA reports. Raymond James currently has an outperform rating on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on CIGI. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Scotiabank reduced their target price on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research note on Friday. The Goldman Sachs Group began 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. Royal Bank of Canada increased their price objective on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday. Finally, National Bankshares reduced their target price on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a report on Friday. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Colliers International Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.63.

Colliers International Group Trading Down 0.6 %

Shares of Colliers International Group stock opened at $135.28 on Friday. The company has a 50-day moving average of $140.61 and a two-hundred day moving average of $143.44. Colliers International Group has a 12-month low of $101.01 and a 12-month high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The stock has a market cap of $6.67 billion, a PE ratio of 43.08 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. On average, research analysts anticipate that Colliers International Group will post 5.41 EPS 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. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group’s payout ratio is 9.55%.

Institutional Investors Weigh In On Colliers International Group

A number of institutional investors have recently added to or reduced their stakes in CIGI. Franklin Resources Inc. raised its holdings in shares of Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after purchasing an additional 340,691 shares during the period. Empowered Funds LLC raised its holdings in Colliers International Group by 60.5% in the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock valued at $1,885,000 after buying an additional 4,678 shares during the period. Barclays PLC purchased a new stake in Colliers International Group during the third quarter worth approximately $1,629,000. Thrivent Financial for Lutherans purchased a new position in shares of Colliers International Group in the 3rd quarter valued at $2,581,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Colliers International Group during the 3rd quarter valued at $3,543,000. 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.