Colliers International Group Inc. (NASDAQ:CIGI) Receives $162.44 Average Price Target from Brokerages

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have earned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $162.44.

CIGI has been the topic of a number of analyst reports. The Goldman Sachs Group assumed coverage on shares of 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. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada upped their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Scotiabank increased their target price on Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th.

Colliers International Group Trading Up 0.8 %

Shares of NASDAQ CIGI opened at $137.91 on Monday. The stock has a market cap of $6.96 billion, a P/E ratio of 43.92 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The firm has a 50-day moving average of $142.42 and a 200 day moving average of $141.36.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 EPS. As a group, sell-side analysts expect that Colliers International Group will post 5.41 EPS for the current fiscal year.

Colliers International Group Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Colliers International Group by 47.6% in 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. Bank of Montreal Can increased its holdings 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 valued at $76,703,000 after buying an additional 6,178 shares during the last quarter. Franklin Resources Inc. raised its position in Colliers International Group by 100.8% in the third 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 during the period. Janus Henderson Group PLC purchased a new position in shares of Colliers International Group during the 3rd quarter worth $69,920,000. Finally, Vulcan Value Partners LLC grew its position in shares of Colliers International Group by 4.6% during the 2nd quarter. Vulcan Value Partners LLC now owns 454,181 shares of the financial services provider’s stock valued at $50,767,000 after acquiring an additional 20,150 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.