Colliers International Group Inc. (NASDAQ:CIGI) Receives $162.89 Consensus Price Target from Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given 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 target among brokers that have updated their coverage on the stock in the last year is $162.8889.

CIGI has been the topic of several research reports. Weiss Ratings lowered Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $175.00 price objective on Colliers International Group in a research note on Friday, March 13th. Scotia lowered their price objective on 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. Scotiabank lowered their price objective on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Finally, Raymond James Financial lowered their price objective on Colliers International Group from $185.00 to $180.00 in a research note on Wednesday, April 29th.

Institutional Investors Weigh In On Colliers International Group

A number of large investors have recently bought and sold shares of CIGI. Caitong International Asset Management Co. Ltd acquired a new position in Colliers International Group during the 3rd quarter worth $26,000. Arax Advisory Partners lifted its holdings in Colliers International Group by 137.0% during the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after buying an additional 126 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Colliers International Group during the 4th quarter worth $32,000. JPMorgan Chase & Co. acquired a new position in Colliers International Group during the 2nd quarter worth $39,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after buying an additional 63 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $96.59 on Thursday. Colliers International Group has a fifty-two week low of $90.93 and a fifty-two week high of $171.51. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $4.94 billion, a P/E ratio of 59.62 and a beta of 1.26. The business has a 50-day moving average of $103.61 and a two-hundred day moving average of $123.87.

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 return on equity of 20.31% and a net margin of 1.45%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $0.87 EPS. Colliers International Group’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities research analysts predict that Colliers International Group will post 6.39 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%. Colliers International Group’s dividend payout ratio is 18.52%.

About Colliers International Group

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.