Shares of Colliers International Group Inc. (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) have been assigned an average rating of “Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $138.71.
A number of equities analysts have commented on CIGI shares. Raymond James boosted their target price on shares of Colliers International Group from $145.00 to $150.00 and gave the stock a “strong-buy” rating in a report on Wednesday, June 5th. BMO Capital Markets boosted their price objective on shares of Colliers International Group from $137.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 4th. Royal Bank of Canada restated an “outperform” rating and issued a $145.00 target price on shares of Colliers International Group in a research note on Tuesday, June 4th. Finally, Scotiabank reduced their price target on Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, April 17th.
Check Out Our Latest Research Report on CIGI
Institutional Inflows and Outflows
Colliers International Group Price Performance
NASDAQ CIGI opened at $107.14 on Thursday. The company has a market cap of $5.24 billion, a PE ratio of 52.26 and a beta of 1.50. Colliers International Group has a 52-week low of $83.38 and a 52-week high of $131.05. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.18 and a current ratio of 1.18. The firm’s 50 day moving average price is $110.50 and its 200-day moving average price is $115.72.
Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.20). The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $989.03 million. Colliers International Group had a net margin of 2.25% and a return on equity of 26.28%. Sell-side analysts forecast that Colliers International Group will post 5.52 EPS for the current fiscal year.
Colliers International Group Dividend Announcement
The business also recently announced a Semi-Annual dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a dividend of $0.15 per share. This represents a yield of 0.3%. The ex-dividend date of this dividend is Friday, June 28th. Colliers International Group’s dividend payout ratio is presently 14.63%.
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.
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