Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Colliers International Group from a hold rating to a sell rating in a research note on Thursday, May 2nd. Royal Bank of Canada reduced their target price on shares of Colliers International Group from $87.00 to $83.00 and set an outperform rating on the stock in a research note on Tuesday, April 30th. Raymond James set a $85.00 target price on shares of Colliers International Group and gave the company an outperform rating in a research note on Monday, April 29th. ValuEngine downgraded shares of Colliers International Group from a buy rating to a hold rating in a research note on Saturday, March 9th. Finally, William Blair restated an outperform rating on shares of Colliers International Group in a research note on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $77.67.
Shares of Colliers International Group stock opened at $61.56 on Thursday. Colliers International Group has a 52-week low of $52.01 and a 52-week high of $84.20. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 25.87 and a beta of 1.44.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Friday, April 26th. The financial services provider reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.23). Colliers International Group had a net margin of 3.24% and a return on equity of 25.61%. The firm had revenue of $635.10 million during the quarter, compared to analyst estimates of $628.75 million. During the same quarter in the prior year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. Analysts expect that Colliers International Group will post 3.11 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, June 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 0.16%. Colliers International Group’s dividend payout ratio is presently 4.08%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. acquired a new position in Colliers International Group during the 4th quarter worth about $41,000. Vanguard Group Inc. lifted its position in Colliers International Group by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 944,967 shares of the financial services provider’s stock worth $73,282,000 after buying an additional 38,283 shares in the last quarter. Gluskin Sheff & Assoc Inc. lifted its position in Colliers International Group by 15.1% during the 4th quarter. Gluskin Sheff & Assoc Inc. now owns 70,839 shares of the financial services provider’s stock worth $3,907,000 after buying an additional 9,295 shares in the last quarter. Seizert Capital Partners LLC lifted its position in Colliers International Group by 114.2% during the 4th quarter. Seizert Capital Partners LLC now owns 43,096 shares of the financial services provider’s stock worth $2,372,000 after buying an additional 22,976 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Colliers International Group by 30.1% during the 4th quarter. Mackenzie Financial Corp now owns 330,091 shares of the financial services provider’s stock worth $18,165,000 after buying an additional 76,447 shares in the last quarter. Institutional investors and hedge funds own 68.33% of the company’s stock.
Colliers International Group Company Profile
Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.
Recommended Story: How to Invest in Marijuana Stocks
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.