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 eleven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $159.1111.

A number of equities analysts have recently commented on CIGI shares. BMO Capital Markets decreased their price target on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Scotia cut their price objective 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. Weiss Ratings lowered Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Royal Bank Of Canada decreased their price objective on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Finally, Raymond James Financial cut their target price on Colliers International Group from $185.00 to $180.00 in a research note on Wednesday, April 29th.

Institutional Trading of Colliers International Group

Institutional investors have recently made changes to their positions in the stock. Cooper Investors PTY Ltd. increased its stake in shares of Colliers International Group by 10.3% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 34,610 shares of the financial services provider’s stock worth $3,246,000 after purchasing an additional 3,231 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Colliers International Group by 5.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,248 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 126 shares during the period. Argent Capital Management LLC grew its stake in shares of Colliers International Group by 51.6% during the 1st quarter. Argent Capital Management LLC now owns 64,980 shares of the financial services provider’s stock valued at $6,946,000 after acquiring an additional 22,118 shares during the period. Turtle Creek Asset Management Inc. increased 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 in the last quarter. Finally, Bank of America Corp DE increased its holdings in Colliers International Group by 45.0% in the 1st quarter. Bank of America Corp DE now owns 75,657 shares of the financial services provider’s stock worth $8,087,000 after acquiring an additional 23,473 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

CIGI opened at $98.02 on Friday. The firm has a 50-day moving average price of $95.91 and a 200-day moving average price of $111.55. Colliers International Group has a twelve month low of $88.38 and a twelve month high of $171.51. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 60.51 and a beta of 1.26.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data 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). Colliers International Group had a net margin of 1.45% and a return on equity of 20.31%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the business posted $0.87 earnings per share. Colliers International Group’s revenue was up 15.1% compared to the same quarter last year. Equities analysts expect that Colliers International Group will post 6.82 EPS for the current year.

Colliers International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date 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.