Colliers International Group Inc. (NASDAQ:CIGI) Given Consensus Rating of “Moderate Buy” by Analysts

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $175.70.

Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. CIBC boosted their price objective on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. Scotiabank lifted their target price on Colliers International Group from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. increased their price target on Colliers International Group from $137.00 to $181.00 and gave the stock a “neutral” rating in a report on Tuesday, August 26th.

Colliers International Group Stock Up 1.0%

Shares of NASDAQ CIGI opened at $144.21 on Thursday. The company’s 50 day moving average price is $152.14 and its 200-day moving average price is $146.96. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. Colliers International Group has a 52-week low of $100.86 and a 52-week high of $171.51. The company has a market capitalization of $7.16 billion, a P/E ratio of 62.97 and a beta of 1.39.

Colliers International Group Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a yield of 21.0%. Colliers International Group’s dividend payout ratio is currently 13.10%.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors have recently made changes to their positions in CIGI. Swiss Life Asset Management Ltd bought a new position in shares of Colliers International Group during the 3rd quarter worth about $294,000. JPMorgan Chase & Co. raised its stake 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. Caitong International Asset Management Co. Ltd bought a new position in Colliers International Group in the third quarter worth approximately $26,000. Verition Fund Management LLC bought a new position in Colliers International Group in the third quarter worth approximately $1,145,000. Finally, Public Employees Retirement System of Ohio grew its stake in Colliers International Group by 15.8% in the third quarter. Public Employees Retirement System of Ohio now owns 31,517 shares of the financial services provider’s stock valued at $4,926,000 after acquiring an additional 4,289 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

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.