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

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $162.8889.

A number of equities analysts have weighed in on CIGI shares. Scotia decreased their price target on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating for the company in a report on Wednesday, April 15th. Scotiabank decreased their price target on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Raymond James Financial decreased their price target on Colliers International Group from $185.00 to $180.00 in a report on Wednesday, April 29th. National Bank Financial decreased their price target on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Finally, Wall Street Zen cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th.

Colliers International Group Stock Up 0.2%

CIGI opened at $96.22 on Thursday. The firm has a 50 day moving average price of $104.20 and a 200 day moving average price of $125.05. The company has a market cap of $4.92 billion, a PE ratio of 59.40 and a beta of 1.31. Colliers International Group has a 1 year low of $90.93 and a 1 year high of $171.51. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.23 and a current ratio of 1.23.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.26 billion. Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $0.87 EPS. Sell-side analysts expect that Colliers International Group will post 6.39 earnings per share for the current year.

Colliers International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Colliers International Group’s dividend payout ratio is currently 18.52%.

Hedge Funds Weigh In On Colliers International Group

A number of institutional investors and hedge funds have recently bought and sold shares of CIGI. Spruce House Investment Management LLC boosted its holdings in Colliers International Group by 93.0% in the 1st quarter. Spruce House Investment Management LLC now owns 2,511,000 shares of the financial services provider’s stock worth $268,387,000 after acquiring an additional 1,209,867 shares during the period. Turtle Creek Asset Management Inc. boosted its holdings in Colliers International Group by 100.9% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,633,556 shares of the financial services provider’s stock worth $174,611,000 after acquiring an additional 820,315 shares during the period. Durable Capital Partners LP boosted its stake in shares of Colliers International Group by 22.0% during the 2nd quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock valued at $473,273,000 after buying an additional 652,744 shares during the last quarter. Norges Bank purchased a new position in shares of Colliers International Group during the 4th quarter valued at approximately $84,906,000. Finally, Bank of Montreal Can boosted its stake in shares of Colliers International Group by 69.0% during the 4th quarter. Bank of Montreal Can now owns 1,076,806 shares of the financial services provider’s stock valued at $158,274,000 after buying an additional 439,607 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Company Profile

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.