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

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $164.63.

A number of brokerages have recently issued reports on CIGI. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price on the stock. The Goldman Sachs Group started 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 for the company. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Scotiabank cut their target price on shares of Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, Raymond James boosted their price objective on Colliers International Group from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, January 30th.

Colliers International Group Stock Down 6.8 %

Shares of NASDAQ:CIGI opened at $136.07 on Friday. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The stock has a 50-day simple moving average of $140.61 and a 200-day simple moving average of $143.44. 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 market capitalization of $6.71 billion, a P/E ratio of 43.33 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. Equities analysts forecast that Colliers International Group will post 5.41 earnings per share for the current year.

Colliers International Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.15 dividend. 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 (DPR) is presently 9.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in Colliers International Group by 26.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after buying an additional 124 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Colliers International Group during the third quarter valued at $112,000. Tobam lifted its holdings in Colliers International Group by 12.0% in the fourth 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. grew its position in Colliers International Group by 197.8% in the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $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 worth approximately $145,000. Institutional investors own 80.09% of the company’s stock.

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.