Colliers International Group Inc. (NASDAQ:CIGI) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI has earned a consensus rating of "Moderate Buy" from the nine research firms that are presently covering the firm, MarketBeat Ratings 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 price target among analysts that have updated their coverage on the stock in the last year is $162.44.

A number of analysts recently commented on CIGI shares. StockNews.com cut Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Scotiabank upped their price target on shares of Colliers International Group from $155.00 to $167.50 and gave the company a "sector outperform" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a report on Monday. They issued a "neutral" rating and a $167.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Colliers International Group in a report on Friday, December 6th. They set a "neutral" rating and a $170.00 target price for the company. Finally, Royal Bank of Canada lifted their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st.

Hedge Funds Weigh In On Colliers International Group

Large investors have recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider's stock valued at $38,000 after buying an additional 304 shares during the last quarter. Argent Capital Management LLC lifted its stake in Colliers International Group by 10.7% in the 2nd quarter. Argent Capital Management LLC now owns 29,608 shares of the financial services provider's stock worth $3,306,000 after purchasing an additional 2,858 shares in the last quarter. Ceredex Value Advisors LLC boosted its holdings in shares of Colliers International Group by 1.6% during the 2nd quarter. Ceredex Value Advisors LLC now owns 86,944 shares of the financial services provider's stock valued at $9,720,000 after purchasing an additional 1,400 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Colliers International Group by 93.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 226 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Colliers International Group by 2.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider's stock worth $1,011,000 after purchasing an additional 238 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI traded down $2.21 during trading on Thursday, reaching $135.17. 129,070 shares of the company traded hands, compared to its average volume of 112,008. 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 firm has a 50 day simple moving average of $149.54 and a 200-day simple moving average of $137.71. Colliers International Group has a 52-week low of $101.01 and a 52-week high of $156.96. The stock has a market capitalization of $6.82 billion, a PE ratio of 43.05 and a beta of 1.47.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. Equities research analysts anticipate that Colliers International Group will post 5.44 earnings per share for the current year.

Colliers International Group Announces Dividend

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

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.