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

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $160.80.

CIGI has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. BMO Capital Markets decreased their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada upped their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. National Bankshares decreased their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, CIBC began coverage on shares of Colliers International Group in a research report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 price target on the stock.

Colliers International Group Trading Down 0.6%

Shares of Colliers International Group stock opened at $127.25 on Friday. Colliers International Group has a 12-month low of $100.86 and a 12-month high of $156.96. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 39.89 and a beta of 1.38. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The company’s 50-day moving average price is $119.20 and its 200-day moving average price is $132.46.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities analysts expect that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date is Monday, June 30th. Colliers International Group’s dividend payout ratio (DPR) is presently 10.53%.

Institutional Trading of Colliers International Group

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in shares of Colliers International Group by 1.4% during the first quarter. Royal Bank of Canada now owns 3,815,470 shares of the financial services provider’s stock valued at $462,816,000 after purchasing an additional 52,414 shares during the period. Durable Capital Partners LP boosted its stake in shares of Colliers International Group by 12.4% during the first quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider’s stock valued at $360,595,000 after purchasing an additional 328,430 shares during the period. Vanguard Group Inc. boosted its stake in shares of Colliers International Group by 2.1% during the first quarter. Vanguard Group Inc. now owns 1,905,172 shares of the financial services provider’s stock valued at $230,558,000 after purchasing an additional 38,379 shares during the period. FIL Ltd boosted its stake in shares of Colliers International Group by 116.5% during the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock valued at $210,449,000 after purchasing an additional 832,583 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of Colliers International Group by 56.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider’s stock valued at $117,140,000 after purchasing an additional 349,046 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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.