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

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $179.4444.

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday. Canadian Imperial Bank of Commerce upped their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. National Bank Financial increased their price target on Colliers International Group from $181.00 to $185.00 in a report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Finally, Stifel Nicolaus upped their target price on Colliers International Group from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $113.39 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. Colliers International Group has a 1-year low of $98.97 and a 1-year high of $171.51. The firm has a market capitalization of $5.64 billion, a P/E ratio of 56.41 and a beta of 1.40. The business’s 50-day simple moving average is $141.85 and its 200-day simple moving average is $151.28.

Colliers International Group Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a yield of 20.0%. Colliers International Group’s payout ratio is 13.10%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Durable Capital Partners LP grew its holdings in Colliers International Group by 22.0% during the 2nd quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock valued at $473,273,000 after purchasing an additional 652,744 shares in the last quarter. Norges Bank purchased a new position in Colliers International Group in the 4th quarter valued at about $84,906,000. Bank of Montreal Can increased its position in shares of Colliers International Group by 69.0% during the fourth quarter. Bank of Montreal Can now owns 1,076,806 shares of the financial services provider’s stock worth $158,274,000 after acquiring an additional 439,607 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Colliers International Group by 114,621.7% during the third quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider’s stock worth $53,762,000 after acquiring an additional 343,865 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in shares of Colliers International Group in the second quarter worth about $35,521,000. 80.09% of the stock is owned by institutional investors and hedge funds.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.