Brokerages Set Colliers International Group Inc. (NASDAQ:CIGI) Price Target at $162.44

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $162.44.

A number of equities research analysts recently weighed in on CIGI shares. Scotiabank upped their price target on Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. BMO Capital Markets upped their target price on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, September 13th. The Goldman Sachs Group initiated coverage on Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price target for the company. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th.

Institutional Trading of Colliers International Group

A number of hedge funds have recently bought and sold shares of CIGI. The Manufacturers Life Insurance Company lifted its stake in shares of Colliers International Group by 47.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock worth $112,834,000 after purchasing an additional 326,453 shares during the period. Victory Capital Management Inc. increased its stake in Colliers International Group by 5.9% in the second quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider’s stock valued at $82,973,000 after purchasing an additional 41,225 shares during the last quarter. Bank of Montreal Can lifted its position in Colliers International Group by 0.9% during the second quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider’s stock worth $76,703,000 after buying an additional 6,178 shares during the period. Franklin Resources Inc. boosted its stake 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 worth $102,261,000 after buying an additional 340,691 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Colliers International Group in the 3rd quarter valued at about $69,920,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Trading Down 0.3 %

NASDAQ:CIGI opened at $135.04 on Thursday. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a fifty day moving average price of $148.72 and a two-hundred day moving average price of $138.43. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 43.01 and a beta of 1.47.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data 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). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $1.10 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Colliers International Group will post 5.44 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a $0.15 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, December 31st. 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.