Scotiabank upgraded shares of Colliers International Group (NASDAQ:CIGI – Get Rating) (TSE:CIGI) from a sector perform rating to an outperform rating in a research report released on Monday morning, The Fly reports.
CIGI has been the subject of several other reports. TD Securities decreased their target price on shares of Colliers International Group from $165.00 to $145.00 and set a buy rating for the company in a research report on Monday, October 31st. The Goldman Sachs Group raised shares of Colliers International Group from a neutral rating to a buy rating and upped their price objective for the stock from $105.00 to $119.00 in a research report on Monday, December 12th. National Bankshares reduced their price objective on shares of Colliers International Group from $166.00 to $122.00 and set an outperform rating for the company in a research report on Wednesday, November 2nd. Finally, StockNews.com downgraded shares of Colliers International Group from a buy rating to a hold rating in a research report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Colliers International Group currently has an average rating of Moderate Buy and an average target price of $137.20.
Colliers International Group Price Performance
Shares of NASDAQ CIGI opened at $99.35 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.86. The firm’s 50-day moving average price is $93.05 and its 200-day moving average price is $104.05. The firm has a market capitalization of $4.13 billion, a P/E ratio of 68.99 and a beta of 1.43. Colliers International Group has a 1-year low of $84.16 and a 1-year high of $158.42.
Colliers International Group Announces Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a $0.15 dividend. This represents a yield of 0.3%. The ex-dividend date of this dividend was Thursday, December 29th. Colliers International Group’s dividend payout ratio (DPR) is presently 20.83%.
Institutional Investors Weigh In On Colliers International Group
Several institutional investors and hedge funds have recently modified their holdings of CIGI. Wipfli Financial Advisors LLC purchased a new stake in shares of Colliers International Group in the 3rd quarter worth about $30,000. Power Corp of Canada purchased a new stake in shares of Colliers International Group in the 1st quarter worth about $72,000. Citigroup Inc. purchased a new stake in shares of Colliers International Group in the 1st quarter worth about $75,000. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Colliers International Group in the 2nd quarter worth about $78,000. Finally, Okabena Investment Services Inc. lifted its position in shares of Colliers International Group by 10.0% in the 2nd quarter. Okabena Investment Services Inc. now owns 954 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 87 shares during the period. 65.89% of the stock is owned by hedge funds and other institutional investors.
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. It offers sales brokerage services, including real estate sales, debt origination and placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and landlord and tenant representation services.
- Get a free copy of the StockNews.com research report on Colliers International Group (CIGI)
- Is Macau a Sinking Ship for Wynn Resorts?
- Don’t Miss These 2 Mid-Cap Techs That Broke Out Last Week
- Is Walgreens Boots Alliance Earnings Miss Good For Investors?
- Pinterest is the Social Commerce Platform to Watch in 2023
- Why Warner Bros Discovery Is the S&P’s Hottest Stock
Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.