Brokerages Set Colliers International Group Inc. (NASDAQ:CIGI) Price Target at $164.63

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $168.63.

A number of equities analysts recently commented on CIGI shares. Scotiabank lowered their target price on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research note on Friday, February 7th. Raymond James lowered their price objective on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. 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 price target for the company. Finally, BMO Capital Markets cut their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a report on Friday, February 7th.

Hedge Funds Weigh In On Colliers International Group

A number of large investors have recently bought and sold shares of CIGI. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Colliers International Group by 26.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 124 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Colliers International Group in the 3rd quarter valued at approximately $112,000. Tobam increased its position in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 98 shares during the period. Blue Trust Inc. raised its stake in shares of Colliers International Group by 197.8% during the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock worth $141,000 after buying an additional 619 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Colliers International Group in the 4th quarter valued at approximately $145,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $133.29 on Friday. 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 company has a market cap of $6.57 billion, a price-to-earnings ratio of 41.78 and a beta of 1.49. The stock’s 50-day moving average is $139.53 and its two-hundred day moving average is $143.57. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96.

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 for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.89%. Analysts forecast that Colliers International Group will post 6.58 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently declared 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. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group’s dividend payout ratio is presently 9.40%.

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.