Wolfe Research started coverage on shares of Colliers International Group (NASDAQ:CIGI – Get Rating) (TSE:CIGI) in a research note released on Monday morning, Marketbeat.com reports. The firm issued a peer perform rating on the financial services provider’s stock.
Several other equities analysts also recently commented on the stock. StockNews.com raised shares of Colliers International Group from a hold rating to a buy rating in a research note on Thursday, May 5th. The Goldman Sachs Group began coverage on shares of Colliers International Group in a research note on Tuesday, April 5th. They set a neutral rating and a $145.00 price objective for the company. National Bankshares lowered their price objective on shares of Colliers International Group from $176.00 to $164.00 and set an outperform rating for the company in a research note on Wednesday, May 4th. Scotiabank lowered their price objective on shares of Colliers International Group from $168.00 to $160.00 in a research note on Tuesday, June 7th. Finally, Raymond James set a $180.00 price target on shares of Colliers International Group and gave the stock a strong-buy rating in a research note on Tuesday, May 10th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Colliers International Group presently has an average rating of Moderate Buy and an average target price of $167.38.
Colliers International Group Stock Performance
NASDAQ CIGI opened at $122.12 on Monday. The company has a 50-day simple moving average of $112.37 and a two-hundred day simple moving average of $124.44. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.77. Colliers International Group has a 12-month low of $97.39 and a 12-month high of $158.42. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of -12.68 and a beta of 1.47.
Colliers International Group (NASDAQ:CIGI – Get Rating) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, May 3rd. The financial services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.87). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $905.20 million. Colliers International Group had a negative net margin of 9.58% and a negative return on equity of 75.86%. The business’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, equities analysts forecast that Colliers International Group will post 2.96 EPS for the current year.
Colliers International Group Dividend Announcement
The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.15 per share. This represents a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 29th. Colliers International Group’s dividend payout ratio is -3.12%.
Hedge Funds Weigh In On Colliers International Group
Institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank N A MO bought a new position in shares of Colliers International Group during the fourth quarter valued at approximately $40,000. GHP Investment Advisors Inc. bought a new position in shares of Colliers International Group during the first quarter valued at approximately $53,000. Pinebridge Investments L.P. bought a new position in shares of Colliers International Group during the fourth quarter valued at approximately $59,000. Power Corp of Canada bought a new position in shares of Colliers International Group during the first quarter valued at approximately $72,000. Finally, Citigroup Inc. bought a new position in shares of Colliers International Group during the first quarter valued at approximately $75,000. Institutional investors own 63.84% of the company’s stock.
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. It offers sales brokerage services, including real estate sales, debt origination and placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and landlord and tenant representation services.
Receive News & Ratings for Colliers International Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Colliers International Group and related companies with MarketBeat.com’s FREE daily email newsletter.