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

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $179.4444.

A number of research firms have commented on CIGI. Raymond James Financial upgraded shares of Colliers International Group from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $195.00 to $200.00 in a research note on Wednesday, February 4th. Stifel Nicolaus upped their target price on shares of Colliers International Group from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Canadian Imperial Bank of Commerce increased their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, National Bank Financial upped their price objective on Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th.

Colliers International Group Stock Performance

Colliers International Group stock opened at $113.39 on Tuesday. Colliers International Group has a 52 week low of $98.97 and a 52 week high of $171.51. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. The stock has a market cap of $5.64 billion, a P/E ratio of 56.41 and a beta of 1.40. The stock has a 50 day moving average of $141.85 and a 200-day moving average of $151.28.

Colliers International Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 31st. This represents a yield of 20.0%. Colliers International Group’s dividend payout ratio (DPR) is 13.10%.

Institutional Trading of Colliers International Group

A number of institutional investors and hedge funds have recently modified their holdings of CIGI. Thornburg Investment Management Inc. lifted its position in shares of Colliers International Group by 346.0% in the 4th quarter. Thornburg Investment Management Inc. now owns 7,439 shares of the financial services provider’s stock worth $1,094,000 after buying an additional 5,771 shares during the last quarter. MML Investors Services LLC raised its stake in Colliers International Group by 9.8% during the fourth quarter. MML Investors Services LLC now owns 3,095 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 277 shares during the period. Epoch Investment Partners Inc. lifted its holdings in Colliers International Group by 27.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 16,873 shares of the financial services provider’s stock worth $2,480,000 after acquiring an additional 3,654 shares during the last quarter. Arax Advisory Partners boosted its stake in Colliers International Group by 137.0% in the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 126 shares during the period. Finally, Barclays PLC grew its holdings in shares of Colliers International Group by 11.1% during the fourth quarter. Barclays PLC now owns 6,871 shares of the financial services provider’s stock valued at $1,010,000 after purchasing an additional 687 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.