Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) had its target price cut by Scotiabank from $76.00 to $75.50 in a research report sent to investors on Thursday, StockTargetPrices.com reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities analysts have also commented on the company. Raymond James Financial, Inc. reissued an outperform rating and issued a $75.00 target price (up previously from $59.00) on shares of Colliers International Group in a report on Wednesday. BMO Capital Markets increased their target price on Colliers International Group from $60.00 to $63.00 and gave the company an outperform rating in a report on Wednesday. Royal Bank Of Canada reissued an outperform rating and issued a $62.00 target price (up previously from $58.00) on shares of Colliers International Group in a report on Wednesday. BidaskClub lowered Colliers International Group from a strong-buy rating to a buy rating in a report on Monday, July 24th. Finally, Sidoti lowered Colliers International Group from a buy rating to a neutral rating in a report on Monday, July 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Colliers International Group currently has an average rating of Buy and an average price target of $65.70.

Shares of Colliers International Group (CIGI) traded down 1.89% on Thursday, reaching $52.05. The company had a trading volume of 58,085 shares. The firm has a market capitalization of $2.02 billion, a PE ratio of 31.45 and a beta of 1.73. The firm’s 50 day moving average is $55.01 and its 200 day moving average is $49.22. Colliers International Group has a 12 month low of $34.20 and a 12 month high of $60.75.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, August 1st. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.57 by $0.16. The firm had revenue of $544.20 million for the quarter, compared to analyst estimates of $515.45 million. Colliers International Group had a return on equity of 49.70% and a net margin of 3.23%. Colliers International Group’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share. On average, equities research analysts expect that Colliers International Group will post $2.87 earnings per share for the current fiscal year.

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The firm also recently announced a semiannual dividend, which was paid on Wednesday, July 12th. Investors of record on Friday, June 30th were issued a $0.05 dividend. This represents a yield of 0.19%. The ex-dividend date of this dividend was Wednesday, June 28th. Colliers International Group’s dividend payout ratio (DPR) is presently 6.02%.

Colliers International Group declared that its board has approved a stock repurchase plan on Thursday, July 13th that allows the company to repurchase 2,700,000 outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of institutional investors have recently bought and sold shares of CIGI. William Blair Investment Management LLC raised its position in shares of Colliers International Group by 5.9% in the second quarter. William Blair Investment Management LLC now owns 1,321,032 shares of the financial services provider’s stock valued at $74,572,000 after buying an additional 73,763 shares during the last quarter. Blair William & Co. IL raised its position in shares of Colliers International Group by 0.3% in the second quarter. Blair William & Co. IL now owns 17,547 shares of the financial services provider’s stock valued at $991,000 after buying an additional 45 shares during the last quarter. Legal & General Group Plc raised its position in shares of Colliers International Group by 4.5% in the second quarter. Legal & General Group Plc now owns 4,587 shares of the financial services provider’s stock valued at $259,000 after buying an additional 198 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Colliers International Group by 14.0% in the second quarter. TD Asset Management Inc. now owns 180,490 shares of the financial services provider’s stock valued at $10,187,000 after buying an additional 22,108 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Colliers International Group by 41.0% in the second quarter. Acadian Asset Management LLC now owns 137,253 shares of the financial services provider’s stock valued at $7,744,000 after buying an additional 39,879 shares during the last quarter. 59.65% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Company Profile

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

Stock Target Prices

Analyst Recommendations for Colliers International Group (NASDAQ:CIGI)

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