Analysts Set Colliers International Group Inc. (NASDAQ:CIGI) Target Price at $159.11

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $159.1111.

CIGI has been the topic of several research analyst reports. Scotia reduced their price objective on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, April 15th. Raymond James Financial lowered their target price on shares of Colliers International Group from $185.00 to $180.00 in a research note on Wednesday, April 29th. National Bank Financial dropped their target price on shares of Colliers International Group from $143.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Weiss Ratings downgraded shares of Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, BMO Capital Markets decreased their price target on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors have recently made changes to their positions in the stock. Alberta Investment Management Corp acquired a new stake in shares of Colliers International Group during the fourth quarter worth $47,799,000. Vestcor Inc acquired a new position in shares of Colliers International Group in the 4th quarter valued at $2,205,000. UBS Group AG increased its stake in Colliers International Group by 48.3% in the 4th quarter. UBS Group AG now owns 38,202 shares of the financial services provider’s stock worth $5,616,000 after purchasing an additional 12,439 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Colliers International Group by 114,621.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider’s stock worth $53,762,000 after buying an additional 343,865 shares during the period. Finally, Norges Bank purchased a new stake in Colliers International Group during the fourth quarter valued at about $84,906,000. 80.09% of the stock is owned by institutional investors.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI opened at $101.92 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.23. The stock’s 50 day moving average price is $95.78 and its two-hundred day moving average price is $112.25. Colliers International Group has a 52-week low of $88.38 and a 52-week high of $171.51. The stock has a market capitalization of $5.21 billion, a P/E ratio of 62.91 and a beta of 1.26.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.01). Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business posted $0.87 EPS. Colliers International Group’s revenue was up 15.1% compared to the same quarter last year. On average, analysts anticipate that Colliers International Group will post 6.82 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%. Colliers International Group’s dividend payout ratio (DPR) is currently 18.52%.

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.