Colliers International Group Inc. (NASDAQ:CIGI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $164.63.

Several analysts have commented on CIGI shares. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued 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 report on Tuesday, November 5th. Raymond James raised their target price on Colliers International Group from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada increased their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group started 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.

Colliers International Group Trading Down 6.8 %

Shares of NASDAQ:CIGI opened at $136.07 on Friday. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 43.33 and a beta of 1.49. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a 50 day moving average price of $140.61 and a 200 day moving average price of $143.44. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. On average, research analysts anticipate that Colliers International Group will post 5.41 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders 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 dividend yield of 0.2%. Colliers International Group’s dividend payout ratio (DPR) is presently 9.55%.

Institutional Investors Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its holdings in Colliers International Group by 100.8% in the 3rd 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 during the period. Alberta Investment Management Corp raised its position in shares of Colliers International Group by 3.4% during the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock valued at $85,143,000 after buying an additional 20,794 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Colliers International Group in the third quarter valued at about $69,920,000. Loomis Sayles & Co. L P grew its position in Colliers International Group by 55.5% during the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock worth $54,461,000 after buying an additional 128,005 shares in the last quarter. Finally, Cibc World Market Inc. increased its stake in Colliers International Group by 3.9% during the fourth quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider’s stock valued at $29,814,000 after acquiring an additional 8,148 shares during the period. Institutional investors and hedge funds 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.