Colliers International Group Inc. (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $138.71.
Several equities analysts have recently weighed in on CIGI shares. Scotiabank dropped their price objective on shares of Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating on the stock in a report on Wednesday, April 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $145.00 price objective on shares of Colliers International Group in a report on Tuesday, June 4th. BMO Capital Markets upped their price objective on shares of Colliers International Group from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. Finally, Raymond James upped their price objective on shares of Colliers International Group from $145.00 to $150.00 and gave the company a “strong-buy” rating in a report on Wednesday, June 5th.
View Our Latest Research Report on CIGI
Institutional Investors Weigh In On Colliers International Group
Colliers International Group Trading Up 3.2 %
CIGI opened at $112.85 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.15. The stock has a market cap of $5.52 billion, a PE ratio of 55.05 and a beta of 1.50. The company has a fifty day moving average of $110.57 and a 200-day moving average of $115.64. Colliers International Group has a twelve month low of $83.38 and a twelve month high of $131.05.
Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.20). Colliers International Group had a net margin of 2.25% and a return on equity of 26.28%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $989.03 million. On average, sell-side analysts predict that Colliers International Group will post 5.52 EPS for the current year.
Colliers International Group Announces Dividend
The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.15 per share. This represents a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, June 28th. Colliers International Group’s payout ratio is presently 14.63%.
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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