Colliers International Group (NASDAQ:CIGI) Upgraded at StockNews.com

StockNews.com upgraded shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a hold rating to a buy rating in a research report report published on Wednesday morning.

A number of other equities analysts have also commented on the stock. Scotiabank cut their price objective on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research report on Friday, February 7th. Raymond James cut their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. National Bankshares cut their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. BMO Capital Markets cut their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price on the stock. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.63.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $125.50 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $6.18 billion, a PE ratio of 39.34 and a beta of 1.49. Colliers International Group has a twelve month low of $101.01 and a twelve month high of $156.96. The company has a 50-day moving average price of $136.42 and a two-hundred day moving average price of $143.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Equities analysts forecast that Colliers International Group will post 6.2 EPS for the current year.

Colliers International Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is presently 9.40%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Durable Capital Partners LP raised its stake in shares of Colliers International Group by 4.0% during the fourth quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider’s stock worth $359,549,000 after acquiring an additional 102,586 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock worth $253,867,000 after acquiring an additional 21,422 shares in the last quarter. FIL Ltd raised its stake in shares of Colliers International Group by 116.5% during the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock worth $210,449,000 after acquiring an additional 832,583 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after acquiring an additional 340,691 shares in the last quarter. Finally, Alberta Investment Management Corp raised its stake in shares of Colliers International Group by 3.4% during the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock worth $85,143,000 after acquiring an additional 20,794 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.