Analysts Set Colliers International Group Inc. (NASDAQ:CIGI) Price Target at $162.89

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $162.8889.

Several research firms have recently commented on CIGI. Scotia reduced their price target on shares of Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 15th. Raymond James Financial reduced their price target on shares of Colliers International Group from $185.00 to $180.00 in a research report on Wednesday, April 29th. Zacks Research raised shares of Colliers International Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. BMO Capital Markets reduced their price target on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada reduced their price target on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $92.67 on Monday. Colliers International Group has a fifty-two week low of $88.38 and a fifty-two week high of $171.51. The business has a 50-day simple moving average of $98.92 and a two-hundred day simple moving average of $117.39. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 57.20 and a beta of 1.26.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the firm posted $0.87 EPS. Colliers International Group’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, analysts expect that Colliers International Group will post 6.82 earnings per share for the current year.

Colliers International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. Colliers International Group’s dividend payout ratio is presently 18.52%.

Institutional Investors Weigh In On Colliers International Group

Several hedge funds and other institutional investors 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 during the 3rd quarter valued at about $26,000. Arax Advisory Partners grew its stake in shares of Colliers International Group by 137.0% during the 4th 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. Kestra Advisory Services LLC bought a new position in shares of Colliers International Group during the 4th quarter valued at approximately $32,000. JPMorgan Chase & Co. bought a new position in shares of Colliers International Group during the 2nd quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 63 shares during the period. 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.