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

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $162.44.

CIGI has been the subject of several research reports. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a report on Monday. They set a “neutral” rating and a $167.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective for the company. BMO Capital Markets increased their target price on Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Royal Bank of Canada upped their price objective 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. Finally, Scotiabank raised their target price on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th.

Institutional Investors Weigh In On Colliers International Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. raised its position in Colliers International Group by 26.4% during 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 purchasing an additional 124 shares in the last quarter. King Luther Capital Management Corp raised its holdings in shares of Colliers International Group by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after buying an additional 178 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Colliers International Group by 2.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 238 shares in the last quarter. HighTower Advisors LLC lifted its position in Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after buying an additional 254 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in Colliers International Group by 8.4% in the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock worth $540,000 after buying an additional 277 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Trading Down 4.2 %

Shares of NASDAQ CIGI opened at $137.38 on Thursday. Colliers International Group has a twelve month low of $101.01 and a twelve month high of $156.96. The company’s fifty day moving average is $149.78 and its 200-day moving average is $137.71. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 43.75 and a beta of 1.47. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that Colliers International Group will post 5.44 EPS for the current year.

Colliers International Group Dividend Announcement

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

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.