Colliers International Group (NASDAQ:CIGI) Given New $155.00 Price Target at Scotiabank

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target reduced by Scotiabank from $185.00 to $155.00 in a research report released on Tuesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the financial services provider’s stock.

Several other research firms have also recently weighed in on CIGI. Raymond James Financial upgraded shares of Colliers International Group from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $195.00 to $200.00 in a research report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. National Bank Financial raised their price objective on shares of Colliers International Group from $181.00 to $185.00 in a research report on Monday, December 15th. Royal Bank Of Canada dropped their price objective on shares of Colliers International Group from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Wall Street Zen cut Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.89.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $110.16 on Tuesday. The firm has a market capitalization of $5.48 billion, a P/E ratio of 54.81 and a beta of 1.40. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27. The stock’s 50-day simple moving average is $141.23 and its two-hundred day simple moving average is $150.99. Colliers International Group has a twelve month low of $98.97 and a twelve month high of $171.51.

Colliers International Group Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.15 per share. This represents a yield of 20.0%. The ex-dividend date was Wednesday, December 31st. Colliers International Group’s dividend payout ratio is presently 14.93%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Colliers International Group during the 3rd quarter valued at about $26,000. Arax Advisory Partners lifted its position in Colliers International Group by 137.0% in the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 126 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Colliers International Group during the fourth quarter valued at approximately $32,000. JPMorgan Chase & Co. purchased a new stake in shares of Colliers International Group during the second quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Colliers International Group by 26.3% in the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Key Colliers International Group News

Here are the key news stories impacting Colliers International Group this week:

• Positive Sentiment: Several sell-side firms kept bullish ratings despite lowering targets, leaving substantial implied upside (roughly 40%–68%) which supports a longer-term constructive view for investors. BayStreet.CA
• Neutral Sentiment: Short-interest reports for mid-February show “0” shares and days-to-cover of 0.0 — the figures appear to be reporting artifacts or errors and are unlikely to be a reliable driver of today’s price action.
• Negative Sentiment: Multiple analysts trimmed price targets earlier today (Stifel: $195 → $175; Raymond James: $200 → $185; National Bank Financial: $185 → $160; Scotiabank: $185 → $155). These target cuts likely pressured sentiment and contributed to the selling. BayStreet.CATickerReport

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.