Colliers International Group (NASDAQ:CIGI) Given New $175.00 Price Target at Raymond James

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price boosted by Raymond James from $160.00 to $175.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock. Raymond James also issued estimates for Colliers International Group’s FY2025 earnings at $6.66 EPS.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Scotiabank raised their price target on Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. initiated coverage on Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target for the company. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Colliers International Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

Colliers International Group Trading Down 0.1 %

CIGI stock opened at $140.26 on Wednesday. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average is $141.82 and its 200-day moving average is $142.15. The firm has a market cap of $7.07 billion, a P/E ratio of 44.67 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share. Equities analysts anticipate that Colliers International Group will post 5.41 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s dividend payout ratio is currently 9.55%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CIGI. Blue Trust Inc. lifted its holdings in Colliers International Group by 65.1% in the fourth quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock valued at $209,000 after buying an additional 607 shares during the period. Addenda Capital Inc. raised its position in shares of Colliers International Group by 7.6% during the 4th quarter. Addenda Capital Inc. now owns 175,780 shares of the financial services provider’s stock valued at $23,901,000 after acquiring an additional 12,415 shares during the last quarter. Canoe Financial LP increased its holdings in Colliers International Group by 544.7% in the fourth quarter. Canoe Financial LP now owns 40,696 shares of the financial services provider’s stock valued at $5,530,000 after purchasing an additional 34,384 shares during the last quarter. Argent Capital Management LLC increased its stake in shares of Colliers International Group by 16.5% in the 4th quarter. Argent Capital Management LLC now owns 44,807 shares of the financial services provider’s stock valued at $6,092,000 after acquiring an additional 6,330 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after purchasing an additional 340,691 shares in the last quarter. 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.