Scotiabank Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $166.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective lowered by Scotiabank from $170.00 to $166.00 in a research note released on Friday,Benzinga reports. The firm currently has a sector outperform rating on the financial services provider’s stock.

CIGI has been the subject of several other reports. Raymond James lifted their price target on Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a report on Friday, December 6th. They set a “neutral” rating and a $170.00 target price on the stock. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Colliers International Group currently has an average rating of “Moderate Buy” and a consensus price target of $168.63.

Colliers International Group Trading Down 0.6 %

CIGI stock opened at $135.28 on Friday. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 43.08 and a beta of 1.49. The company has a fifty day moving average price of $140.61 and a two-hundred day moving average price of $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 announced its earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. Equities analysts anticipate that Colliers International Group will post 5.41 EPS for the current year.

Colliers International Group Dividend Announcement

The company 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. The ex-dividend date was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s dividend payout ratio is currently 9.55%.

Institutional Investors Weigh In On Colliers International Group

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