Colliers International Group Inc. (NASDAQ:CIGI) Given Consensus Rating 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 brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $162.8889.

A number of brokerages have recently issued reports on CIGI. Zacks Research upgraded shares of Colliers International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. National Bank Financial lowered their price objective on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Scotia dropped their target price on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, April 15th. Weiss Ratings downgraded Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Finally, Stifel Nicolaus set a $175.00 price target on Colliers International Group in a report on Friday, March 13th.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $92.67 on Monday. The stock has a fifty day moving average price of $98.92 and a 200 day moving average price of $117.57. Colliers International Group has a 1-year low of $88.38 and a 1-year 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 company has a market cap of $4.74 billion, a PE ratio of 57.20 and a beta of 1.26.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. Sell-side analysts forecast that Colliers International Group will post 6.82 EPS for the current year.

Colliers International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend 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 (DPR) is 18.52%.

Hedge Funds Weigh In On Colliers International Group

A number of institutional investors and hedge funds have recently made changes to their positions in CIGI. NewEdge Advisors LLC lifted its stake in shares of Colliers International Group by 5.9% in the first quarter. NewEdge Advisors LLC now owns 2,248 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 126 shares during the period. Argent Capital Management LLC grew its position in Colliers International Group by 51.6% during the first quarter. Argent Capital Management LLC now owns 64,980 shares of the financial services provider’s stock worth $6,946,000 after buying an additional 22,118 shares during the period. Turtle Creek Asset Management Inc. increased its holdings in Colliers International Group by 100.9% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,633,556 shares of the financial services provider’s stock valued at $174,611,000 after buying an additional 820,315 shares in the last quarter. Bank of America Corp DE increased its holdings in Colliers International Group by 45.0% in the first quarter. Bank of America Corp DE now owns 75,657 shares of the financial services provider’s stock valued at $8,087,000 after buying an additional 23,473 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Colliers International Group by 11.8% during the 1st quarter. Janus Henderson Group PLC now owns 725,961 shares of the financial services provider’s stock valued at $78,093,000 after acquiring an additional 76,588 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Company Profile

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.