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

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI has earned a consensus rating of "Moderate Buy" from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $160.80.

A number of equities analysts have commented on CIGI shares. Royal Bank of Canada upped their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. William Blair restated an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Cibc World Mkts raised shares of Colliers International Group to a "strong-buy" rating in a research report on Tuesday, March 4th. Finally, Wall Street Zen cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th.

Institutional Investors Weigh In On Colliers International Group

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC lifted its position 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 acquiring an additional 23,940 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 acquiring an additional 505 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 acquiring an additional 56,755 shares during the last quarter. Select Equity Group L.P. purchased a new stake in Colliers International Group during the first quarter valued at approximately $3,759,000. Finally, Durable Capital Partners LP lifted its position 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 acquiring an additional 328,430 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

Colliers International Group Trading Down 0.1%

CIGI stock traded down $0.14 during mid-day trading on Friday, reaching $118.01. The company had a trading volume of 102,885 shares, compared to its average volume of 118,809. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $5.82 billion, a PE ratio of 36.99 and a beta of 1.38. The firm has a 50 day moving average of $119.08 and a 200 day moving average of $131.54. Colliers International Group has a 12 month low of $100.86 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.04). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. Colliers International Group's revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, equities analysts predict that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend 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.