Colliers International Group Inc. (NASDAQ:CIGI) Receives $162.44 Consensus Price Target from Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $162.44.

CIGI has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective on the stock. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group began coverage on Colliers International Group in a research report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price target for the company. Finally, Royal Bank of Canada upped their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st.

Institutional Investors Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently bought and sold shares of CIGI. Janus Henderson Group PLC bought a new position in shares of Colliers International Group during the 3rd quarter worth about $69,920,000. Franklin Resources Inc. raised its position in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after purchasing an additional 340,691 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Colliers International Group by 47.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock worth $112,834,000 after purchasing an additional 326,453 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Colliers International Group by 91.3% during the second quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider’s stock worth $34,677,000 after purchasing an additional 148,265 shares during the period. Finally, Loomis Sayles & Co. L P boosted its holdings in Colliers International Group by 55.5% during the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock valued at $54,461,000 after purchasing an additional 128,005 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $136.93 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 quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. The stock has a market cap of $6.91 billion, a PE ratio of 43.61 and a beta of 1.47. The business has a fifty day simple moving average of $148.46 and a 200-day simple moving average of $138.65.

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

Colliers International Group Dividend Announcement

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

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.