Colliers International Group Inc. (NASDAQ:CIGI) Given Average Recommendation of “Moderate Buy” by Brokerages

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $168.8889.

Several research firms have issued reports on CIGI. Scotiabank cut their price objective on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Stifel Nicolaus dropped their target price on shares of Colliers International Group from $195.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Zacks Research downgraded shares of Colliers International Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Wall Street Zen cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Raymond James Financial reduced their price objective on Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating for the company in a report on Tuesday, February 17th.

Hedge Funds Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intact Investment Management Inc. increased its stake in shares of Colliers International Group by 19.3% during the 3rd quarter. Intact Investment Management Inc. now owns 75,180 shares of the financial services provider’s stock valued at $11,759,000 after acquiring an additional 12,140 shares during the last quarter. Cidel Asset Management Inc. boosted its position in shares of Colliers International Group by 3.7% in the third quarter. Cidel Asset Management Inc. now owns 134,127 shares of the financial services provider’s stock worth $20,982,000 after acquiring an additional 4,847 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in Colliers International Group in the third quarter valued at approximately $19,158,000. The Manufacturers Life Insurance Company increased its position in Colliers International Group by 21.3% during the second quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock worth $117,619,000 after purchasing an additional 158,668 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its position in Colliers International Group by 2.9% during the second quarter. Ceredex Value Advisors LLC now owns 84,045 shares of the financial services provider’s stock worth $10,971,000 after purchasing an additional 2,350 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Price Performance

Colliers International Group stock opened at $111.40 on Tuesday. Colliers International Group has a 12 month low of $98.97 and a 12 month high of $171.51. The stock has a market capitalization of $5.55 billion, a PE ratio of 55.42 and a beta of 1.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.14. The business has a 50 day simple moving average of $138.74 and a 200-day simple moving average of $149.83.

Colliers International Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were given a $0.15 dividend. The ex-dividend date was Wednesday, December 31st. This represents a dividend yield of 20.0%. Colliers International Group’s payout ratio is currently 14.93%.

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.