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 been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given 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 $178.20.

Several research firms recently weighed in on CIGI. National Bankshares increased their target price on shares of Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. CIBC upped their price target on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Raymond James Financial upped their target price on Colliers International Group from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Tuesday.

Colliers International Group Price Performance

Shares of Colliers International Group stock opened at $140.96 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $7.02 billion, a PE ratio of 61.55 and a beta of 1.40. The firm has a fifty day moving average price of $144.79 and a two-hundred day moving average price of $151.74. Colliers International Group has a fifty-two week low of $100.86 and a fifty-two week high of $171.51.

Colliers International Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were paid a $0.15 dividend. The ex-dividend date was Wednesday, December 31st. This represents a dividend yield of 20.0%. Colliers International Group’s dividend payout ratio is currently 13.10%.

Institutional Trading of Colliers International Group

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in Colliers International Group by 26.3% in the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 63 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Colliers International Group by 17.1% in the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 74 shares during the period. Stonegate Investment Group LLC grew its stake in shares of Colliers International Group by 4.2% in the 3rd quarter. Stonegate Investment Group LLC now owns 1,900 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 76 shares during the period. Cornerstone Investment Partners LLC raised its holdings in shares of Colliers International Group by 3.6% in the 2nd quarter. Cornerstone Investment Partners LLC now owns 2,193 shares of the financial services provider’s stock worth $286,000 after buying an additional 77 shares in the last quarter. Finally, Cooper Investors PTY Ltd. lifted its position in shares of Colliers International Group by 0.4% during the 4th quarter. Cooper Investors PTY Ltd. now owns 30,217 shares of the financial services provider’s stock worth $4,442,000 after buying an additional 114 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Company Profile

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.