Colliers International Group Inc. (NASDAQ:CIGI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the stock, MarketBeat reports. Three equities 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. The average 12-month target price among brokerages that have covered the stock in the last year is $162.44.

CIGI has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price for the company. The Goldman Sachs Group started coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 price target on the stock. Finally, StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th.

Institutional Trading of Colliers International Group

Several large investors have recently added to or reduced their stakes in the stock. Addenda Capital Inc. lifted its position in shares of Colliers International Group by 7.6% in the 4th quarter. Addenda Capital Inc. now owns 175,780 shares of the financial services provider’s stock worth $23,901,000 after purchasing an additional 12,415 shares during the period. Canoe Financial LP grew its holdings in shares of Colliers International Group by 544.7% during the 4th quarter. Canoe Financial LP now owns 40,696 shares of the financial services provider’s stock worth $5,530,000 after acquiring an additional 34,384 shares during the period. Argent Capital Management LLC grew its holdings in shares of Colliers International Group by 16.5% during the 4th quarter. Argent Capital Management LLC now owns 44,807 shares of the financial services provider’s stock worth $6,092,000 after acquiring an additional 6,330 shares during the period. Franklin Resources Inc. raised its position in shares of 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 worth $102,261,000 after acquiring an additional 340,691 shares in the last quarter. Finally, Barclays PLC purchased a new position in shares of Colliers International Group in the 3rd quarter valued at approximately $1,629,000. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of Colliers International Group stock opened at $137.91 on Monday. The firm has a market capitalization of $6.96 billion, a PE ratio of 43.92 and a beta of 1.49. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96. The business’s 50-day moving average price is $142.42 and its 200-day moving average price is $141.36.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The business had revenue of $1.18 billion for 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 firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. Sell-side analysts forecast that Colliers International Group will post 5.41 EPS for the current fiscal year.

Colliers International Group Announces Dividend

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

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.