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

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $175.70.

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. Scotiabank upped their price target on shares of Colliers International Group from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 16th. CIBC increased their price target on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. boosted their price objective on Colliers International Group from $137.00 to $181.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 26th. Finally, Stifel Nicolaus upped their target price on Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Colliers International Group during the third quarter worth $26,000. JPMorgan Chase & Co. bought a new position in Colliers International Group during the 2nd quarter worth $39,000. EverSource Wealth Advisors LLC lifted its holdings in Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after buying an additional 63 shares during the period. State of Wyoming bought a new stake in shares of Colliers International Group in the 1st quarter valued at about $52,000. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Colliers International Group in the second quarter valued at about $73,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

Colliers International Group stock opened at $144.21 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27. The stock has a market cap of $7.16 billion, a PE ratio of 62.97 and a beta of 1.39. Colliers International Group has a 12-month low of $100.86 and a 12-month high of $171.51. The business’s 50-day moving average price is $152.14 and its two-hundred day moving average price is $146.96.

Colliers International Group Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be issued a $0.15 dividend. This represents a yield of 21.0%. The ex-dividend date is Wednesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is 13.10%.

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.