Colliers International Group (NASDAQ:CIGI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other brokerages have also recently issued reports on CIGI. CIBC upped their price objective on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. National Bankshares upped their price target on shares of Colliers International Group from $181.00 to $185.00 in a research report on Monday, December 15th. Scotiabank lifted their price objective on Colliers International Group from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 16th. Stifel Nicolaus boosted their target price on Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average target price of $176.70.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI opened at $147.37 on Friday. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 64.35 and a beta of 1.40. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Colliers International Group has a 1-year low of $100.86 and a 1-year high of $171.51. The stock’s 50-day moving average is $147.42 and its 200 day moving average is $150.73.

Colliers International Group Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a dividend yield of 20.0%. Colliers International Group’s payout ratio is presently 13.10%.

Institutional Trading of Colliers International Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Colliers International Group in the 3rd quarter valued at approximately $26,000. JPMorgan Chase & Co. bought a new position in Colliers International Group in the second quarter worth $39,000. EverSource Wealth Advisors LLC lifted its position in Colliers International Group by 26.3% during the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after buying an additional 63 shares during the period. State of Wyoming bought a new stake in shares of Colliers International Group during the 1st quarter valued at $52,000. Finally, Blue Trust Inc. grew its position in shares of Colliers International Group by 17.1% in the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $79,000 after buying an additional 74 shares during the period. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

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.