Colliers International Group Inc. (NASDAQ:CIGI) Receives $162.89 Consensus PT 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 presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $162.8889.

Several brokerages have recently commented on CIGI. National Bank Financial lowered their price target on shares of Colliers International Group from $160.00 to $143.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Wall Street Zen cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. 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 reduced their price objective on shares of Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, April 15th. Finally, BMO Capital Markets reduced their price objective on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th.

Colliers International Group Trading Down 1.5%

CIGI opened at $94.36 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $4.82 billion, a PE ratio of 58.25 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 firm has a 50-day moving average price of $103.74 and a two-hundred day moving average price of $124.45.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business posted $0.87 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts anticipate that Colliers International Group will post 6.39 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid 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 yield of 0.6%. Colliers International Group’s dividend payout ratio (DPR) is presently 18.52%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans bought a new position in Colliers International Group in the third quarter valued at approximately $19,158,000. Cidel Asset Management Inc. lifted its stake in Colliers International Group by 3.7% in the third quarter. Cidel Asset Management Inc. now owns 134,127 shares of the financial services provider’s stock valued at $20,982,000 after buying an additional 4,847 shares in the last quarter. Citigroup Inc. lifted its stake in Colliers International Group by 1,164.9% in the third quarter. Citigroup Inc. now owns 54,745 shares of the financial services provider’s stock valued at $8,564,000 after buying an additional 50,417 shares in the last quarter. Brummer Multi Strategy AB bought a new position in Colliers International Group in the third quarter valued at approximately $691,000. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Colliers International Group by 47.8% in the third quarter. TD Waterhouse Canada Inc. now owns 46,975 shares of the financial services provider’s stock worth $7,222,000 after purchasing an additional 15,194 shares in the last quarter. 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.