Colliers International Group Inc. Subordinate Voting Shares (NASDAQ:CIGI) Reviewed By Analysts

Xavier Trudeau
Juillet 18, 2017

Acadian Asset Management LLC purchased a new position in Colliers International Group during the first quarter worth about $4,597,000. Tower Research Capital LLC TRC increased its stake in Colliers International Group by 60.3% in the first quarter. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Atria Investments LLC purchased a new stake in Colliers International Group during the second quarter worth $230,000.

A number of institutional investors have recently modified their holdings of the stock. Mawer Investment Management Ltd. divested its position by selling 202,343 shares a decrease of 24.4%. About 122,677 shares traded or 214.02% up from the average.

Colliers International Group Inc. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 28.65 and a beta of 1.74. The stock's 50-day moving average price is $53.35 and its 200-day moving average price is $46.16. The financial services provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.22 by $0.11. Colliers International Group had a return on equity of 51.57% and a net margin of 3.87%. The company had revenue of $422.80 million during the quarter, compared to analyst estimates of $404.95 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The business's quarterly revenue was up 12.4% on a year-over-year basis. After posting $0.33 EPS for the previous quarter, Colliers International Group Inc's analysts now forecast 103.03 % EPS growth. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued. Investors of record on Friday, June 30th were given a $0.05 dividend. This represents a dividend yield of 0.19%. The ex-dividend date was Wednesday, June 28th. Colliers International Group's dividend payout ratio is now 5.18%.

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Subordinate Voting Shares was upgraded to " by analysts at CIBC. RBC Capital Markets initiated the shares of CIGI in report on Wednesday, June 15 with "Outperform" rating. Raymond James Financial, Inc. reiterated an "outperform" rating and issued a $76.00 target price on shares of Colliers International Group in a research report on Wednesday, April 12th. About shares traded. Colliers International Group Inc (TSE:CIGI) has 0.00% since July 17, 2016 and is. Finally, Royal Bank Of Canada raised their target price on shares of Colliers International Group from C$50.00 to C$58.00 and gave the company an "outperform" rating in a research note on Wednesday, May 3rd.

Among 4 analysts covering Colliers (NASDAQ:CIGI), 4 have Buy rating, 0 Sell and 0 Hold. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. The company has a consensus rating of "Buy" and an average target price of $65.60.

Colliers International Group has a 12 month low of $32.93 and a 12 month high of $56.85. The Firm offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. The Business's segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

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