Colliers International Group Inc. (NASDAQ:CIGI) Receives $162.44 Consensus Target Price from Brokerages

Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI have earned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $162.44.

Several research firms have commented on CIGI. Royal Bank of Canada raised their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research report on Monday, December 16th. They set a "neutral" rating and a $167.00 price objective for the company. National Bank Financial upgraded shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. The Goldman Sachs Group began coverage on shares of Colliers International Group in a research report on Friday, December 6th. They set a "neutral" rating and a $170.00 price objective for the company. Finally, StockNews.com lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th.

Colliers International Group Stock Performance

Shares of NASDAQ:CIGI traded down $1.65 on Monday, reaching $129.21. 27,764 shares of the company's stock were exchanged, compared to its average volume of 86,089. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 41.15 and a beta of 1.49. Colliers International Group has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The business's 50-day moving average is $144.17 and its two-hundred day moving average is $140.98. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business earned $1.10 EPS. The firm's revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that Colliers International Group will post 5.44 EPS for the current year.

Colliers International Group Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a yield of 0.2%. The ex-dividend date is Tuesday, December 31st. Colliers International Group's payout ratio is presently 9.55%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIGI. William Blair Investment Management LLC grew its position in Colliers International Group by 8.3% during the second quarter. William Blair Investment Management LLC now owns 125,302 shares of the financial services provider's stock valued at $13,990,000 after purchasing an additional 9,603 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Colliers International Group by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 309,260 shares of the financial services provider's stock valued at $34,527,000 after acquiring an additional 13,678 shares during the last quarter. Bristol Gate Capital Partners Inc. lifted its stake in Colliers International Group by 33.6% in the second quarter. Bristol Gate Capital Partners Inc. now owns 8,848 shares of the financial services provider's stock valued at $988,000 after acquiring an additional 2,225 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Colliers International Group by 67.3% in the second quarter. Canada Pension Plan Investment Board now owns 49,715 shares of the financial services provider's stock valued at $5,550,000 after acquiring an additional 20,000 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its stake in Colliers International Group by 7.2% in the second quarter. King Luther Capital Management Corp now owns 14,461 shares of the financial services provider's stock valued at $1,615,000 after acquiring an additional 976 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.