Analysts Set Colliers International Group Inc. (NASDAQ:CIGI) PT at $162.44

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $162.44.

A number of equities analysts recently issued reports on CIGI shares. Scotiabank upped their price target on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price on the stock. Royal Bank of Canada raised their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th.

Hedge Funds Weigh In On Colliers International Group

Institutional investors have recently made changes to their positions in the business. William Blair Investment Management LLC raised its holdings in Colliers International Group by 8.3% in the 2nd quarter. William Blair Investment Management LLC now owns 125,302 shares of the financial services provider’s stock worth $13,990,000 after purchasing an additional 9,603 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Colliers International Group by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 309,260 shares of the financial services provider’s stock valued at $34,527,000 after buying an additional 13,678 shares in the last quarter. Bristol Gate Capital Partners Inc. grew its stake in shares of Colliers International Group by 33.6% during the 2nd quarter. Bristol Gate Capital Partners Inc. now owns 8,848 shares of the financial services provider’s stock valued at $988,000 after acquiring an additional 2,225 shares during the period. Canada Pension Plan Investment Board increased its holdings in Colliers International Group by 67.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 49,715 shares of the financial services provider’s stock worth $5,550,000 after acquiring an additional 20,000 shares in the last quarter. Finally, King Luther Capital Management Corp increased its holdings in Colliers International Group by 7.2% in the 2nd quarter. King Luther Capital Management Corp now owns 14,461 shares of the financial services provider’s stock worth $1,615,000 after acquiring an additional 976 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $137.91 on Monday. The company has a 50 day simple moving average of $142.42 and a two-hundred day simple moving average of $141.78. Colliers International Group has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 43.92 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business earned $1.10 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Colliers International Group will post 5.41 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.15 per share. This represents a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) 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.