Colliers International Group Inc. (NASDAQ:CIGI) Given Consensus Recommendation of "Moderate Buy" by Analysts

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI has received an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $160.80.

Several research firms recently weighed in on CIGI. Stifel Nicolaus reduced their price objective on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. reduced their price objective on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group reduced their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Wall Street Zen downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Finally, Scotiabank dropped their price target on shares of Colliers International Group from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th.

Institutional Trading of Colliers International Group

A number of hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its stake in Colliers International Group by 23.3% during the first quarter. Acadian Asset Management LLC now owns 126,503 shares of the financial services provider's stock valued at $15,337,000 after buying an additional 23,940 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Colliers International Group by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 45,408 shares of the financial services provider's stock valued at $5,508,000 after buying an additional 505 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Colliers International Group by 78.1% during the first quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider's stock valued at $15,698,000 after buying an additional 56,755 shares in the last quarter. Select Equity Group L.P. purchased a new stake in Colliers International Group during the first quarter valued at about $3,759,000. Finally, Durable Capital Partners LP lifted its stake in Colliers International Group by 12.4% during the first quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider's stock valued at $360,595,000 after buying an additional 328,430 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $133.07 on Monday. The stock has a market cap of $6.57 billion, a P/E ratio of 46.69 and a beta of 1.39. The firm's 50-day simple moving average is $125.35 and its 200 day simple moving average is $126.94. Colliers International Group has a fifty-two week low of $100.86 and a fifty-two week high of $156.96. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted 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). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.15 billion. Colliers International Group had a return on equity of 20.20% and a net margin of 2.92%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 EPS. Equities analysts expect that Colliers International Group will post 6.2 EPS for the current year.

Colliers International Group Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.15 per share. 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 presently 10.53%.

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.

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