Brokerages Set Colliers International Group Inc. (NASDAQ:CIGI) Price Target at $138.71

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $138.71.

A number of brokerages have recently issued reports on CIGI. BMO Capital Markets boosted their target price on shares of Colliers International Group from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. Raymond James upped their target price on shares of Colliers International Group from $145.00 to $150.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, June 5th. Scotiabank decreased their price target on shares of Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating for the company in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $145.00 price objective on shares of Colliers International Group in a research note on Tuesday, June 4th.

Colliers International Group Stock Performance

Colliers International Group stock opened at $111.65 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $5.46 billion, a P/E ratio of 54.46 and a beta of 1.53. Colliers International Group has a 1-year low of $83.38 and a 1-year high of $131.05. The company’s 50-day moving average is $110.53 and its 200 day moving average is $115.80.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.20). Colliers International Group had a return on equity of 26.28% and a net margin of 2.25%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $989.03 million. Research analysts forecast that Colliers International Group will post 5.52 EPS for the current year.

Colliers International Group Announces Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, June 28th. This represents a yield of 0.3%. Colliers International Group’s dividend payout ratio is currently 14.63%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CIGI. Bank of Nova Scotia grew its stake in Colliers International Group by 7.2% in the third quarter. Bank of Nova Scotia now owns 2,796 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 187 shares during the last quarter. Scotia Capital Inc. boosted its holdings in shares of Colliers International Group by 3.5% in the 4th quarter. Scotia Capital Inc. now owns 5,491 shares of the financial services provider’s stock valued at $692,000 after buying an additional 188 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Colliers International Group by 575.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after buying an additional 207 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 316 shares in the last quarter. Finally, Compass Ion Advisors LLC lifted its position in Colliers International Group by 16.5% during the fourth quarter. Compass Ion Advisors LLC now owns 2,681 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 380 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

About Colliers International Group

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.