Colliers International Group Inc. (NASDAQ:CIGI) Receives $178.20 Consensus Price Target from Brokerages

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $178.20.

CIGI has been the topic of several recent research reports. National Bankshares raised their price target on shares of Colliers International Group from $181.00 to $185.00 in a research report on Monday, December 15th. Raymond James Financial increased their price objective on Colliers International Group from $180.00 to $195.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Wall Street Zen upgraded Colliers International Group from a “hold” rating to a “buy” rating in a report on Sunday. CIBC upped their price target on Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Stifel Nicolaus upped their target price on shares of Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd.

Institutional Trading of Colliers International Group

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in Colliers International Group by 26.3% during the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares during the last quarter. Blue Trust Inc. raised its position in shares of Colliers International Group by 17.1% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 74 shares during the period. Stonegate Investment Group LLC lifted its stake in shares of Colliers International Group by 4.2% during the 3rd quarter. Stonegate Investment Group LLC now owns 1,900 shares of the financial services provider’s stock valued at $297,000 after buying an additional 76 shares in the last quarter. Cornerstone Investment Partners LLC boosted its holdings in Colliers International Group by 3.6% in the 2nd quarter. Cornerstone Investment Partners LLC now owns 2,193 shares of the financial services provider’s stock worth $286,000 after buying an additional 77 shares during the period. Finally, Cooper Investors PTY Ltd. boosted its holdings in Colliers International Group by 0.4% in the 4th quarter. Cooper Investors PTY Ltd. now owns 30,217 shares of the financial services provider’s stock worth $4,442,000 after buying an additional 114 shares during the period. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Stock Down 0.8%

Colliers International Group stock opened at $139.85 on Friday. Colliers International Group has a 1-year low of $100.86 and a 1-year high of $171.51. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 61.07 and a beta of 1.40. The firm’s fifty day moving average price is $144.65 and its two-hundred day moving average price is $152.09. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27.

Colliers International Group Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a dividend yield of 20.0%. Colliers International Group’s dividend payout ratio is currently 13.10%.

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.