Colliers International Group (NASDAQ:CIGI) Price Target Raised to $175.00

Key Points

• National Bankshares has increased the price target for Colliers International Group from $169 to $175, indicating a potential upside of 15.54% from the current stock price.
• Colliers reported quarterly earnings of $1.72 per share, exceeding expectations by $0.20 and showing a revenue growth of 18.3% compared to the previous year.
• The consensus rating for Colliers International Group is a "Moderate Buy," with 80.09% of the company's stock currently owned by institutional investors and hedge funds.

Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI had its price objective boosted by National Bankshares from $169.00 to $175.00 in a research report report published on Friday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the financial services provider's stock.

Several other equities analysts have also weighed in on CIGI. Scotiabank dropped their price objective on shares of Colliers International Group from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada boosted their price target on shares of Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. dropped their target price on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Stifel Nicolaus dropped their target price on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Citizens Jmp started coverage on shares of Colliers International Group in a research report on Monday, July 21st. They issued a "market perform" rating on the stock. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.40.

Colliers International Group Trading Up 1.9%

CIGI stock traded up $2.91 during trading on Friday, hitting $155.00. The company had a trading volume of 57,240 shares, compared to its average volume of 131,970. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. The firm has a 50-day moving average price of $132.78 and a 200-day moving average price of $127.68. Colliers International Group has a 12 month low of $100.86 and a 12 month high of $156.96. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 70.45 and a beta of 1.44.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.20. Colliers International Group had a net margin of 2.17% and a return on equity of 21.13%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $1.36 EPS. The company's quarterly revenue was up 18.3% on a year-over-year basis. As a group, analysts predict that Colliers International Group will post 6.2 earnings per share for the current year.

Colliers International Group Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were issued a $0.15 dividend. The ex-dividend date was Monday, June 30th. This represents a yield of 20.0%. Colliers International Group's dividend payout ratio (DPR) is presently 13.64%.

Institutional Trading of Colliers International Group

Hedge funds have recently made changes to their positions in the company. TCTC Holdings LLC boosted its holdings in shares of Colliers International Group by 114.9% during the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 116 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Colliers International Group in the first quarter worth about $33,000. Tower Research Capital LLC TRC lifted its holdings in Colliers International Group by 1,752.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock worth $43,000 after purchasing an additional 298 shares during the period. State of Wyoming acquired a new stake in Colliers International Group in the first quarter worth about $52,000. Finally, Central Pacific Bank Trust Division raised its position in Colliers International Group by 10.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock worth $133,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

About Colliers International Group

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. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.