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

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $159.1111.

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Colliers International Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Scotia decreased their target price on shares of 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. Raymond James Financial lowered their price target on shares of Colliers International Group from $185.00 to $180.00 in a research note on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in Colliers International Group in the 3rd quarter worth approximately $26,000. Arax Advisory Partners lifted its position 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 purchasing an additional 126 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Colliers International Group in the fourth quarter valued at approximately $32,000. JPMorgan Chase & Co. purchased a new stake in shares of Colliers International Group during the second quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Colliers International Group by 26.3% during the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares during the period. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $102.21 on Friday. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 63.09 and a beta of 1.26. The business has a 50 day moving average of $95.72 and a 200 day moving average of $112.58. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.23 and a quick ratio of 1.23. Colliers International Group has a 1-year low of $88.38 and a 1-year high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.91 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 the consensus estimate of $1.26 billion. Colliers International Group had a net margin of 1.45% and a return on equity of 20.31%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. On average, sell-side analysts predict that Colliers International Group will post 6.82 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Colliers International Group’s payout ratio 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.