Colliers International Group (NASDAQ:CIGI) Upgraded to Strong-Buy at Raymond James Financial

Raymond James Financial upgraded shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from an outperform rating to a strong-buy rating in a report issued on Wednesday, MarketBeat.com reports. They currently have $200.00 target price on the financial services provider’s stock, up from their previous target price of $195.00.

CIGI has been the subject of several other research reports. CIBC raised their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Wall Street Zen upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research note on Sunday, January 25th. National Bankshares boosted their price target on Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus boosted their target price on Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Colliers International Group currently has an average rating of “Moderate Buy” and an average target price of $178.70.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $134.62 on Wednesday. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 58.79 and a beta of 1.40. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. Colliers International Group has a one year low of $100.86 and a one year high of $171.51. The company’s 50-day moving average is $144.09 and its 200 day moving average is $151.98.

Colliers International Group Dividend Announcement

The firm also recently disclosed 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 dividend yield of 20.0%. Colliers International Group’s dividend payout ratio (DPR) is presently 13.10%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Colliers International Group during the 3rd quarter valued at $26,000. JPMorgan Chase & Co. bought a new stake in Colliers International Group during the second quarter valued at about $39,000. EverSource Wealth Advisors LLC grew 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 valued at $40,000 after purchasing an additional 63 shares during the period. Blue Trust Inc. increased its position in Colliers International Group by 17.1% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $79,000 after buying an additional 74 shares in the last quarter. Finally, Sagard Holdings Management Inc. bought a new position in shares of Colliers International Group in the second quarter worth about $73,000. 80.09% of the stock is currently owned by institutional investors.

Key Stories Impacting Colliers International Group

Here are the key news stories impacting Colliers International Group this week:

• Positive Sentiment: Raymond James upgraded CIGI to a “strong-buy” and lifted its price target to $200, signaling confidence in the company’s growth trajectory and implying substantial upside from current levels. Raymond James Upgrade
• Positive Sentiment: Stifel Nicolaus also raised its price target on CIGI to $195 and maintained a “buy” rating, reinforcing the bullish analyst sentiment that is supporting the stock move. Stifel Price Target Raise
• Positive Sentiment: Colliers announced it will acquire Ayesa Engineering, expanding the company’s global engineering reach and capabilities — a strategic M&A move that should enhance service offerings and cross-selling opportunities. Colliers to Acquire Ayesa Engineering
• Positive Sentiment: Separately, Colliers announced the acquisition of a California-based transit engineering and program management firm, further bolstering its transportation engineering footprint and recurring project pipeline. California Transit Engineering Acquisition
• Neutral Sentiment: A short-interest report shows anomalous values (zeros/NaN) for the period, which provides no reliable signal about bearish positioning; current short-interest data appears uninformative.
• Neutral Sentiment: An independent “critical analysis” piece on Colliers was published; such commentary can raise questions but does not appear to be driving the intraday move compared with the analyst upgrades and M&A news. Critical Analysis

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.