Colliers International Group Inc. (NASDAQ:CIGI) Given Average Rating of "Moderate Buy" by Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI have received an average recommendation of "Moderate Buy" from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $168.63.

CIGI has been the topic of several research reports. Raymond James lowered their price target on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday. National Bank Financial upgraded Colliers International Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a research report on Monday, December 16th. They issued a "neutral" rating and a $167.00 price target for the company. BMO Capital Markets dropped their price objective on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a report on Friday. Finally, National Bankshares reduced their target price on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a report on Friday.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after acquiring an additional 340,691 shares during the period. Alberta Investment Management Corp raised its position in Colliers International Group by 3.4% during the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider's stock valued at $85,143,000 after purchasing an additional 20,794 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Colliers International Group in the 3rd quarter worth approximately $69,920,000. Loomis Sayles & Co. L P grew its position in shares of Colliers International Group by 55.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider's stock worth $54,461,000 after buying an additional 128,005 shares during the last quarter. Finally, Cibc World Market Inc. increased its stake in shares of Colliers International Group by 3.9% during the fourth quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider's stock valued at $29,814,000 after buying an additional 8,148 shares during the period. Hedge funds and other institutional investors own 80.09% of the company's stock.

Colliers International Group Stock Performance

Colliers International Group stock traded down $0.15 during trading on Friday, hitting $135.13. The stock had a trading volume of 233,962 shares, compared to its average volume of 126,018. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. The stock's 50 day moving average is $139.91 and its two-hundred day moving average is $143.62. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 42.36 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.89% and a net margin of 3.35%. As a group, analysts predict that Colliers International Group will post 6.58 EPS for the current year.

Colliers International Group Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group's payout ratio is 9.40%.

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.