Colliers International Group (NASDAQ:CIGI) Given New $110.00 Price Target at National Bank Financial

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective increased by National Bank Financial from $109.00 to $110.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the financial services provider’s stock.

Several other research firms also recently commented on CIGI. Royal Bank Of Canada reduced their price objective on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. BMO Capital Markets lowered their target price on Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Weiss Ratings downgraded Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Zacks Research upgraded Colliers International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Scotia decreased their price objective on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating for the company in a report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.56.

Colliers International Group Stock Performance

Shares of NASDAQ:CIGI opened at $98.55 on Friday. The firm has a market cap of $5.04 billion, a PE ratio of 46.93 and a beta of 1.26. The firm’s 50 day simple moving average is $96.62 and its 200-day simple moving average is $109.16. Colliers International Group has a one year low of $88.38 and a one year high of $171.51. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.23 and a current ratio of 1.23.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.04. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.48 billion. Colliers International Group had a net margin of 1.81% and a return on equity of 20.32%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 earnings per share. As a group, equities analysts predict that Colliers International Group will post 6.82 EPS for the current year.

Colliers International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. Colliers International Group’s dividend payout ratio (DPR) is currently 14.29%.

Hedge Funds Weigh In On Colliers International Group

A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in Colliers International Group by 26.3% during the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after buying an additional 63 shares during the period. NewEdge Advisors LLC boosted its position in Colliers International Group by 5.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,248 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 126 shares in the last quarter. Arax Advisory Partners increased its holdings in shares of Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 126 shares during the period. Versor Investments LP increased its holdings in shares of Colliers International Group by 6.2% in the 4th quarter. Versor Investments LP now owns 2,415 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 142 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its position in shares of Colliers International Group by 8.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,975 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 151 shares in the last quarter. 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: Colliers reported second-quarter adjusted earnings of $1.83 per share, ahead of the $1.79 consensus estimate and up from $1.72 a year earlier. Revenue increased 16.7% year over year to $1.38 billion. Colliers International Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: National Bank Financial raised its price target from $109 to $110 and reiterated an “outperform” rating, implying approximately 11.6% upside from the referenced share price. BayStreet.CA analyst ratings
• Neutral Sentiment: Scotiabank lowered its price target from $150 to $145 but maintained a “sector outperform” rating. The reduced target is a modest negative signal, although the rating still indicates expected relative strength and substantial potential upside. Benzinga analyst ratings
• Negative Sentiment: Quarterly revenue of $1.38 billion was below the $1.48 billion analyst estimate, a 6.8% shortfall despite strong year-over-year growth. The revenue miss may be weighing on the stock more than the modest EPS beat is supporting it. Colliers International Group earnings report

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.