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 received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $162.44.

A number of equities research analysts recently commented on the stock. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday. They set a “neutral” rating and a $167.00 price objective for the company. StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Scotiabank upped their price target on Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price objective on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st.

Colliers International Group Stock Down 4.2 %

CIGI opened at $137.38 on Thursday. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The business’s 50-day moving average price is $149.78 and its 200-day moving average price is $137.71. The company has a market cap of $6.93 billion, a P/E ratio of 43.75 and a beta of 1.47.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, equities analysts expect that Colliers International Group will post 5.44 EPS for the current year.

Colliers International Group Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s payout ratio is 9.55%.

Institutional Investors Weigh In On Colliers International Group

Several hedge funds have recently bought and sold shares of CIGI. Blue Trust Inc. grew its holdings in shares of Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after buying an additional 304 shares during the last quarter. Argent Capital Management LLC increased its position in Colliers International Group by 10.7% during the second quarter. Argent Capital Management LLC now owns 29,608 shares of the financial services provider’s stock valued at $3,306,000 after acquiring an additional 2,858 shares during the last quarter. Ceredex Value Advisors LLC increased its holdings in Colliers International Group by 1.6% during the second quarter. Ceredex Value Advisors LLC now owns 86,944 shares of the financial services provider’s stock valued at $9,720,000 after buying an additional 1,400 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Colliers International Group by 93.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 226 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Colliers International Group by 2.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

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.