Were Analysts Bullish Colliers International Group Inc (NASDAQ:CIGI) This Week?

Cornelia Mascio
Августа 12, 2017

Pnc Financial Services Group, Inc. says it decreased its investment in Colliers International Group In by 187 shares in its quarterly SEC filing.

Based on the latest notes released to investors, 1 analyst has issued a rating of "buy", 5 analysts "outperform", 2 analysts "hold", 0 analysts "underperform" and 0 analysts "sell".

A number of equities analysts have issued reports on the company. BMO Capital Markets reiterated a buy rating and issued a $56.00 target price on shares of Colliers International Group in a research note on Friday, March 31st. BidaskClub cut Colliers International Group from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 24th. Raymond James Financial, Inc. reiterated an "outperform" rating and set a $76.00 target price on shares of Colliers International Group in a research report on Wednesday, April 12th. Colliers International Group has a consensus rating of "Buy" and a consensus price target of $65.70.

Colliers International Group (NASDAQ:CIGI) traded up 0.51% during mid-day trading on Friday, hitting $49.40. Accern also assigned press coverage about the company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. Colliers International Group has a one year low of $34.20 and a one year high of $60.75. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 29.87 and a beta of 1.73. The company has a 50-day moving average of $54.67 and a 200-day moving average of $49.83. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.16. The firm had revenue of $544.20 million for the quarter, compared to analyst estimates of $515.45 million. Colliers International Group's payout ratio is now 6.02%. The business's quarterly revenue was up 12.8% compared to the same quarter past year. During the same quarter a year ago, the firm posted $0.63 earnings per share. Equities analysts anticipate that Colliers International Group will post $2.87 earnings per share for the current year.

News headlines about Colliers International Group (NASDAQ:FSRV) have been trending somewhat positive on Saturday, Accern reports. Renaissance Technologies LLC now owns 835,100 shares of the financial services provider's stock valued at $39,423,000 after buying an additional 160,600 shares during the period. If you are reading this article on another publication, it was stolen and republished in violation of United States and worldwide copyright & trademark legislation. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in Colliers International Group during the first quarter valued at about $230,000. Parametric Portfolio Associates LLC boosted its stake in Colliers International Group by 21.0% in the first quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Colliers International Group during the first quarter valued at about $14,540,000. Parametric Portfolio Associates LLC now owns 10,062 shares of the financial services provider's stock valued at $475,000 after buying an additional 1,743 shares during the last quarter. IL now owns 17,502 shares of the financial services provider's stock worth $858,000 after buying an additional 1,065 shares in the last quarter. Spruce House Investment Management LLC boosted its stake in shares of Colliers International Group by 2.0% in the first quarter. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/11/sidoti-downgrades-colliers-international-group-inc-nasdaqcigi-to-neutral-updated-updated-updated.html. The Firm offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

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