Brokerages Set Colliers International Group Inc. (NASDAQ:CIGI) PT at $159.11

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $159.1111.

Several equities research analysts have issued reports on CIGI shares. Scotia lowered their price target on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating for the company in a report on Wednesday, April 15th. Raymond James Financial lowered their target price on Colliers International Group from $185.00 to $180.00 in a research note on Wednesday, April 29th. National Bank Financial cut their price target on shares of Colliers International Group from $143.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Weiss Ratings downgraded shares of Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, Zacks Research upgraded shares of Colliers International Group from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd.

Colliers International Group Stock Down 3.9%

Shares of NASDAQ:CIGI opened at $93.89 on Friday. Colliers International Group has a 52 week low of $88.38 and a 52 week high of $171.51. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $4.80 billion, a PE ratio of 57.96 and a beta of 1.26. The company has a 50 day moving average price of $95.89 and a two-hundred day moving average price of $110.84.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share 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 the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $0.87 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. Analysts forecast that Colliers International Group will post 6.82 earnings per share for the current year.

Colliers International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Colliers International Group’s dividend payout ratio is currently 18.52%.

Institutional Investors Weigh In On Colliers International Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Alberta Investment Management Corp bought a new position in shares of Colliers International Group during the 4th quarter worth approximately $47,799,000. Vestcor Inc acquired a new stake in shares of Colliers International Group in the fourth quarter valued at approximately $2,205,000. UBS Group AG lifted its position in shares of Colliers International Group by 48.3% in the fourth quarter. UBS Group AG now owns 38,202 shares of the financial services provider’s stock worth $5,616,000 after purchasing an additional 12,439 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Colliers International Group by 114,621.7% during the third quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider’s stock worth $53,762,000 after purchasing an additional 343,865 shares during the last quarter. Finally, Norges Bank acquired a new position in Colliers International Group during the fourth quarter worth $84,906,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

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.