Brokerages Set Colliers International Group Inc. (NASDAQ:CIGI) Price Target at $162.44

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $162.44.

Several equities research analysts have recently commented on the company. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target for the company. Scotiabank boosted their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets lifted their price target on Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, September 13th.

Colliers International Group Stock Up 0.2 %

Shares of CIGI stock opened at $135.45 on Thursday. The firm’s fifty day moving average price is $149.01 and its two-hundred day moving average price is $138.05. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The firm has a market capitalization of $6.83 billion, a P/E ratio of 43.14 and a beta of 1.47.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm posted $1.10 EPS. Colliers International Group’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts predict that Colliers International Group will post 5.44 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIGI. Blue Trust Inc. boosted its position in shares of Colliers International Group by 3,377.8% in the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 304 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Colliers International Group by 93.0% in the 2nd 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 during the period. Plato Investment Management Ltd acquired a new position in shares of Colliers International Group during the 3rd quarter worth approximately $112,000. Stonegate Investment Group LLC bought a new position in shares of Colliers International Group during the third quarter worth approximately $264,000. Finally, HighTower Advisors LLC raised its position in shares of Colliers International Group by 13.6% in the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after buying an additional 254 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Company Profile

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.