Colliers International Group (NASDAQ:CIGI) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a hold rating to a buy rating in a report issued on Wednesday morning.

Several other research firms have also recently issued reports on CIGI. Raymond James cut their target price on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group assumed coverage on Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 target price for the company. National Bankshares cut their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Finally, Royal Bank of Canada raised their target price on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Colliers International Group presently has an average rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group Price Performance

NASDAQ:CIGI opened at $131.95 on Wednesday. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $6.50 billion, a PE ratio of 41.36 and a beta of 1.49. The stock has a 50 day moving average price of $137.23 and a 200 day moving average price of $143.32.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly 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 3.35% and a return on equity of 20.38%. Equities research analysts expect that Colliers International Group will post 6.2 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is 9.40%.

Institutional Trading of Colliers International Group

Institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. lifted its holdings in Colliers International Group by 100.8% during 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. Empowered Funds LLC lifted its holdings in Colliers International Group by 60.5% during the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 4,678 shares during the last quarter. Barclays PLC purchased a new stake in Colliers International Group during the 3rd quarter worth about $1,629,000. Thrivent Financial for Lutherans purchased a new stake in Colliers International Group during the 3rd quarter worth about $2,581,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Colliers International Group during the 3rd quarter worth about $3,543,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.