Colliers International Group (NASDAQ:CIGI) Price Target Lowered to $160.00 at National Bank Financial

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective reduced by National Bank Financial from $185.00 to $160.00 in a research report report published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

CIGI has been the topic of a number of other research reports. Wall Street Zen downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday. Raymond James Financial upgraded shares of Colliers International Group from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $195.00 to $200.00 in a research note on Wednesday, February 4th. Stifel Nicolaus boosted their target price on shares of Colliers International Group from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Canadian Imperial Bank of Commerce increased their price target 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. Finally, Royal Bank Of Canada dropped 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 research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.89.

Colliers International Group Price Performance

NASDAQ CIGI opened at $110.16 on Tuesday. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 54.81 and a beta of 1.40. Colliers International Group has a 1-year low of $98.97 and a 1-year high of $171.51. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. The business’s fifty day moving average price is $141.23 and its 200-day moving average price is $150.99.

Colliers International Group Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were issued a $0.15 dividend. 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 is currently 14.93%.

Hedge Funds Weigh In On Colliers International Group

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Colliers International Group during the third quarter worth about $26,000. Arax Advisory Partners lifted its holdings in Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 126 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Colliers International Group in the 4th quarter worth approximately $32,000. JPMorgan Chase & Co. purchased a new stake in Colliers International Group during the 2nd quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after buying an additional 63 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

More 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

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.