Colliers International Group (NASDAQ:CIGI) Price Target Cut to $185.00 by Analysts at Raymond James Financial

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target lowered by Raymond James Financial from $200.00 to $185.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a strong-buy rating on the financial services provider’s stock.

CIGI has been the subject of several other reports. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Royal Bank Of Canada lowered their price objective on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday. Scotiabank reduced their target price on shares of Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday. Wall Street Zen cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Stifel Nicolaus dropped their price objective on shares of Colliers International Group from $195.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday. One investment 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. Based on data from MarketBeat, Colliers International Group presently has an average rating of “Moderate Buy” and an average target price of $168.89.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $110.16 on Tuesday. Colliers International Group has a 52 week low of $98.97 and a 52 week high of $171.51. The company has a fifty day simple moving average of $141.23 and a two-hundred day simple moving average of $150.99. 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 company has a market cap of $5.48 billion, a price-to-earnings ratio of 54.81 and a beta of 1.40.

Colliers International Group Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CIGI. Durable Capital Partners LP raised its stake in Colliers International Group by 2.0% during the 3rd quarter. Durable Capital Partners LP now owns 3,699,124 shares of the financial services provider’s stock worth $577,840,000 after acquiring an additional 73,623 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,996,018 shares of the financial services provider’s stock worth $293,379,000 after purchasing an additional 23,516 shares in the last quarter. FIL Ltd increased its position in shares of Colliers International Group by 5.0% during the fourth quarter. FIL Ltd now owns 1,780,980 shares of the financial services provider’s stock worth $261,772,000 after purchasing an additional 85,078 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Colliers International Group by 16.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,308,985 shares of the financial services provider’s stock valued at $192,436,000 after purchasing an additional 187,663 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Colliers International Group by 69.0% in the 4th quarter. Bank of Montreal Can now owns 1,076,806 shares of the financial services provider’s stock valued at $158,274,000 after purchasing an additional 439,607 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.