Raymond James Issues Positive Forecast for Colliers International Group (NASDAQ:CIGI) Stock Price

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective upped by Raymond James from $160.00 to $175.00 in a research note released on Wednesday,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 research analysts have also issued research reports about the stock. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective for the company. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. The Goldman Sachs Group initiated coverage on Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price for the company. Finally, Royal Bank of Canada lifted their price target on shares of 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 given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI opened at $140.26 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. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The business’s 50-day moving average price is $141.82 and its two-hundred day moving average price is $142.15. The company has a market capitalization 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 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). The firm 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 company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. Analysts anticipate that Colliers International Group will post 5.41 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

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

Institutional Trading of Colliers International Group

Several hedge funds and other institutional investors have recently bought and sold shares of CIGI. The Manufacturers Life Insurance Company grew its position in Colliers International Group by 47.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock worth $112,834,000 after buying an additional 326,453 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Colliers International Group by 0.9% in the 2nd quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider’s stock worth $76,703,000 after acquiring an additional 6,178 shares during the period. Franklin Resources Inc. grew its holdings in shares of Colliers International Group by 100.8% during the 3rd 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 in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Colliers International Group during the third quarter valued at approximately $69,920,000. Finally, Vulcan Value Partners LLC raised its stake in shares of Colliers International Group by 4.6% in the second quarter. Vulcan Value Partners LLC now owns 454,181 shares of the financial services provider’s stock valued at $50,767,000 after purchasing an additional 20,150 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Company Profile

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.