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

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

CIGI has been the subject of a number of research reports. Royal Bank of Canada raised their target price on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target for the company. Finally, The Goldman Sachs Group began coverage on Colliers International Group in a report on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock.

Colliers International Group Price Performance

NASDAQ:CIGI opened at $130.86 on Monday. The firm has a market cap of $6.60 billion, a PE ratio of 41.68 and a beta of 1.49. The company’s 50-day moving average price is $144.17 and its two-hundred day moving average price is $140.75. 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 has a 12 month low of $101.01 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 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 business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $1.10 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that Colliers International Group will post 5.44 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid 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 presently 9.55%.

Institutional Trading of Colliers International Group

A number of institutional investors and hedge funds have recently modified their holdings of CIGI. Franklin Resources Inc. grew its holdings in shares of 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 valued at $102,261,000 after buying an additional 340,691 shares during the period. Barclays PLC bought a new position in Colliers International Group during the third quarter worth about $1,629,000. Public Employees Retirement System of Ohio acquired a new position in Colliers International Group in the third quarter valued at about $3,543,000. National Bank of Canada FI increased its holdings in shares of Colliers International Group by 21.0% in the third quarter. National Bank of Canada FI now owns 84,362 shares of the financial services provider’s stock worth $12,806,000 after acquiring an additional 14,633 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Colliers International Group by 10.5% during the third quarter. Jane Street Group LLC now owns 34,916 shares of the financial services provider’s stock worth $5,299,000 after purchasing an additional 3,314 shares during the period. 80.09% of the stock is owned by 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.