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

Key Points

• Colliers International Group Inc. has received a consensus rating of "Moderate Buy" from analysts, with varied ratings including five holds, seven buys, and two strong buys.
• The company's recent quarterly earnings reported earnings per share of $0.87, missing estimates, and a revenue of $1.09 billion, also below consensus predictions.
• Colliers declared a semi-annual dividend of $0.15 per share, reflecting a yield of 20.0% with a low payout ratio of 10.53%.

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI has earned a consensus rating of "Moderate Buy" from the thirteen research firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $168.40.

Several analysts have recently weighed in on CIGI shares. Raymond James Financial lifted their price objective on shares of Colliers International Group from $170.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday. CIBC lifted their price target on shares of Colliers International Group from $149.00 to $175.00 and gave the company an "outperformer" rating in a research report on Friday. Scotiabank lifted their price target on shares of Colliers International Group from $155.00 to $170.00 and gave the company a "sector outperform" rating in a research report on Friday. Royal Bank Of Canada lifted their price target on shares of Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a research report on Friday. Finally, JMP Securities began coverage on shares of Colliers International Group in a research report on Monday, July 21st. They issued a "market perform" rating for the company.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in shares of Colliers International Group by 57.5% in the second quarter. Envestnet Asset Management Inc. now owns 7,358 shares of the financial services provider's stock worth $961,000 after purchasing an additional 2,685 shares during the last quarter. Whittier Trust Co. grew its position in Colliers International Group by 10.5% during the second quarter. Whittier Trust Co. now owns 5,388 shares of the financial services provider's stock valued at $703,000 after acquiring an additional 510 shares during the last quarter. Cidel Asset Management Inc. grew its position in Colliers International Group by 1.4% during the second quarter. Cidel Asset Management Inc. now owns 129,280 shares of the financial services provider's stock valued at $16,881,000 after acquiring an additional 1,756 shares during the last quarter. Vista Finance LLC grew its position in Colliers International Group by 4.1% during the second quarter. Vista Finance LLC now owns 3,073 shares of the financial services provider's stock valued at $401,000 after acquiring an additional 120 shares during the last quarter. Finally, TD Asset Management Inc grew its position in Colliers International Group by 6.2% during the second quarter. TD Asset Management Inc now owns 237,783 shares of the financial services provider's stock valued at $31,048,000 after acquiring an additional 13,919 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Price Performance

Colliers International Group stock traded up $1.95 during midday trading on Friday, reaching $152.78. The company's stock had a trading volume of 23,544 shares, compared to its average volume of 131,853. Colliers International Group has a 52 week low of $100.86 and a 52 week high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average price of $132.10 and a 200-day moving average price of $127.58. The stock has a market cap of $7.56 billion, a PE ratio of 69.63 and a beta of 1.44.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.20. Colliers International Group had a return on equity of 21.13% and a net margin of 2.17%. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the business posted $1.36 earnings per share. The business's quarterly revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts predict that Colliers International Group will post 6.2 EPS for the current year.

Colliers International Group Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were given a $0.15 dividend. This represents a dividend yield of 20.0%. The ex-dividend date was Monday, June 30th. Colliers International Group's dividend payout ratio is 13.64%.

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.