Colliers International Group (NASDAQ:CIGI) Given New $175.00 Price Target at Stifel Nicolaus

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target cut by Stifel Nicolaus from $195.00 to $175.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also recently weighed in on the company. Scotiabank decreased their price objective on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday. Royal Bank Of Canada lowered their price target on shares of Colliers International Group from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday. Canadian Imperial Bank of Commerce lifted their price objective on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Wall Street Zen cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, National Bank Financial lowered their target price on shares of Colliers International Group from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.89.

Colliers International Group Stock Down 2.8%

Colliers International Group stock opened at $110.16 on Tuesday. 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 firm has a market cap of $5.48 billion, a P/E ratio of 54.81 and a beta of 1.40. The business has a fifty day moving average of $141.23 and a two-hundred day moving average of $150.99. Colliers International Group has a twelve month low of $98.97 and a twelve month high of $171.51.

Colliers International Group Dividend Announcement

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

Institutional Trading of Colliers International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its stake in Colliers International Group by 205.2% during the 4th quarter. Lazard Asset Management LLC now owns 38,559 shares of the financial services provider’s stock valued at $5,668,000 after purchasing an additional 25,926 shares during the last quarter. Laird Norton Wetherby Trust Company LLC acquired a new position in Colliers International Group in the 4th quarter worth approximately $385,000. Trexquant Investment LP purchased a new position in Colliers International Group during the 4th quarter worth approximately $292,000. Amundi acquired a new stake in Colliers International Group during the 4th quarter valued at approximately $321,000. Finally, FIL Ltd boosted its holdings in shares of Colliers International Group by 5.0% in the 4th quarter. FIL Ltd now owns 1,780,980 shares of the financial services provider’s stock valued at $261,772,000 after acquiring an additional 85,078 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group News Summary

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

Colliers International Group Company Profile

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.