Brokerages Set Colliers International Group Inc. (NASDAQ:CIGI) Target Price at $160.80

Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI have earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $160.80.

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. CIBC assumed coverage on shares of Colliers International Group in a research report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 target price for the company. Colliers Securities set a $160.00 price target on Colliers International Group in a research report on Tuesday, March 4th. Cibc World Mkts raised Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, Scotiabank dropped their price objective on Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th.

Institutional Investors Weigh In On Colliers International Group

Several large investors have recently modified their holdings of CIGI. TCTC Holdings LLC lifted its holdings in shares of Colliers International Group by 114.9% during the 1st quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 116 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Colliers International Group during the 1st quarter worth approximately $33,000. Tower Research Capital LLC TRC lifted its stake in Colliers International Group by 1,752.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after buying an additional 298 shares in the last quarter. State of Wyoming acquired a new position in shares of Colliers International Group in the first quarter valued at approximately $52,000. Finally, Plato Investment Management Ltd boosted its holdings in shares of Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after buying an additional 118 shares during the period. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Trading Down 1.9%

Shares of CIGI stock traded down $2.45 on Thursday, reaching $127.37. 97,887 shares of the stock were exchanged, compared to its average volume of 119,184. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group has a one year low of $100.86 and a one year high of $156.96. The stock has a market cap of $6.28 billion, a PE ratio of 39.93 and a beta of 1.39. The stock has a 50 day moving average price of $120.29 and a 200 day moving average price of $128.94.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. Equities research analysts forecast that Colliers International Group will post 6.2 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a yield of 0.2%. Colliers International Group's payout ratio is 10.53%.

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.