Brokerages Set Colliers International Group Inc. (NASDAQ:CIGI) Target Price at $138.71

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned an average rating of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $138.71.

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Colliers International Group from $137.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of Colliers International Group in a research report on Tuesday, June 4th. Scotiabank cut their price objective on shares of Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, April 17th. Finally, Raymond James lifted their price target on shares of Colliers International Group from $145.00 to $150.00 and gave the company a “strong-buy” rating in a research note on Wednesday, June 5th.

Colliers International Group Trading Up 3.2 %

Shares of NASDAQ CIGI opened at $112.85 on Thursday. The company’s fifty day moving average is $110.57 and its 200-day moving average is $115.64. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 55.05 and a beta of 1.50. Colliers International Group has a twelve month low of $83.38 and a twelve month high of $131.05. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.15.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.20). The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $989.03 million. Colliers International Group had a net margin of 2.25% and a return on equity of 26.28%. Equities research analysts predict that Colliers International Group will post 5.52 EPS for the current year.

Colliers International Group Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.15 dividend. The ex-dividend date is Friday, June 28th. This represents a yield of 0.3%. Colliers International Group’s payout ratio is currently 14.63%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Colliers International Group by 575.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 316 shares during the last quarter. Tobam acquired a new position in shares of Colliers International Group during the 4th quarter worth about $58,000. Security National Bank acquired a new position in shares of Colliers International Group during the 4th quarter worth about $70,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Colliers International Group during the 1st quarter worth about $118,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Company Profile

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.