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 report published 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.

Several other equities research analysts also recently issued reports on the company. The Goldman Sachs Group assumed coverage on Colliers International Group in a report on Friday, December 6th. They set a “neutral” rating and a $170.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 target price for the company. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada upped their target price on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $164.31.

Colliers International Group Stock Performance

Shares of CIGI opened at $141.35 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50-day moving average of $141.67 and a 200-day moving average of $142.35. The company has a market cap of $7.13 billion, a PE ratio of 45.02 and a beta of 1.49. Colliers International Group has a one year low of $101.01 and a one year high of $156.96.

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). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the firm earned $1.10 EPS. Colliers International Group’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that Colliers International Group will post 5.41 earnings per share for the current year.

Colliers International Group Announces Dividend

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

Institutional Trading of Colliers International Group

Several large investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its position in Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after purchasing an additional 340,691 shares during the period. Empowered Funds LLC lifted its holdings in shares of Colliers International Group by 60.5% during the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after acquiring an additional 4,678 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of Colliers International Group during the 3rd quarter worth approximately $2,581,000. Barclays PLC bought a new position in Colliers International Group in the third quarter valued at approximately $1,629,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Colliers International Group during the third quarter valued at approximately $3,543,000. 80.09% of the stock is owned by institutional investors and hedge funds.

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.