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

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $160.80.

A number of brokerages recently commented on CIGI. National Bankshares dropped their price target on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Stifel Nicolaus lowered their price objective on Colliers International Group from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Colliers Securities set a $160.00 price objective on Colliers International Group in a research report on Tuesday, March 4th. Finally, BMO Capital Markets lowered their price objective on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research report on Friday, February 7th.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tobam increased its holdings in shares of Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 98 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in Colliers International Group by 10.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider’s stock worth $133,000 after buying an additional 100 shares in the last quarter. TCTC Holdings LLC increased its holdings in Colliers International Group by 114.9% in the 1st quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider’s stock worth $26,000 after buying an additional 116 shares in the last quarter. Plato Investment Management Ltd increased its holdings in Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after buying an additional 118 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in Colliers International Group by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock worth $1,100,000 after buying an additional 144 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $127.25 on Friday. The stock has a fifty day moving average of $119.20 and a 200 day moving average of $132.46. Colliers International Group has a 52 week low of $100.86 and a 52 week high of $156.96. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 39.89 and a beta of 1.38. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business earned $0.77 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. As a group, research analysts expect that Colliers International Group will post 6.2 earnings per share for the current year.

Colliers International Group Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend yield of 0.2%. Colliers International Group’s payout ratio is presently 10.53%.

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.