Colliers International Group Inc. (NASDAQ:CIGI) Receives Average Rating of “Moderate Buy” from Brokerages

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $162.8889.

Several equities research analysts have issued reports on the company. Scotia dropped their target price on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, April 15th. National Bank Financial dropped their target price on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Royal Bank Of Canada dropped their target price on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial dropped their target price on Colliers International Group from $185.00 to $180.00 in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th.

Institutional Investors Weigh In On Colliers International Group

A number of institutional investors and hedge funds have recently made changes to their positions in CIGI. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Colliers International Group in the third quarter worth $26,000. Arax Advisory Partners raised its position in shares of Colliers International Group by 137.0% in the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after buying an additional 126 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Colliers International Group in the fourth quarter worth $32,000. JPMorgan Chase & Co. purchased a new stake in shares of Colliers International Group in the second quarter worth $39,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Colliers International Group by 26.3% in the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after buying an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $91.31 on Monday. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 56.36 and a beta of 1.26. The stock has a fifty day simple moving average of $101.19 and a two-hundred day simple moving average of $119.29. Colliers International Group has a 1-year low of $90.45 and a 1-year high of $171.51. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity 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 the consensus estimate of $0.92 by ($0.01). The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The company’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Analysts anticipate that Colliers International Group will post 6.82 earnings per share for the current year.

Colliers International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, June 30th. Colliers International Group’s dividend payout ratio (DPR) is 18.52%.

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.