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Principale » BidaskClub Downgrades Colliers International Group Inc

BidaskClub Downgrades Colliers International Group Inc

12 Août 2017

Colliers International Group Inc., launched on July 31, 1988, is involved in the provision of commercial real estate services.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank Of Canada boosted their price target on shares of Colliers International Group from $50.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, May 3rd. Subordinate Voting Shares had its "outperform" rating reiterated by analysts at RBC Capital. Zacks Investment Research downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, April 18th. Wells Fargo & Company/mn bolstered its position by buying 2,089 shares an increase of 1.2% as of 06/30/2017. Colliers International Group presently 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. 23,839 shares of the company were exchanged. Tower Research Capital LLC TRC boosted its stake in Colliers International Group by 60.3% in the first quarter. The stock has a market cap of $1.91 billion, a PE ratio of 29.76 and a beta of 1.73. The firm's 50-day moving average price is $54.67 and its 200-day moving average price is $49.83.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, August 1st. In the latest earnings report the EPS was $1.65 and is estimated to be $2.87 for the current year with 38,841,000 shares now outstanding. The company had revenue of $544.20 million during the quarter, compared to analyst estimates of $515.45 million. Colliers International Group's payout ratio is now 6.02%. The company's revenue for the quarter 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 predict that Colliers International Group will post $2.87 earnings per share for the current fiscal year.

WARNING: "Colliers International Group's (CIGI) Outperform Rating Reaffirmed at Raymond James Financial, Inc." was published by Chaffey Breeze and is the property of of Chaffey Breeze. 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 in the last quarter. If you are reading this news story on another site, it was stolen and republished in violation of U.S. and worldwide trademark and copyright law.

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Colliers International Group declared that its board has initiated a stock repurchase program on Thursday, July 13th that authorizes the company to repurchase 2,700,000 shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

A number of institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Colliers International Group during the fourth quarter worth $14,040,000. Parametric Portfolio Associates LLC raised its position in Colliers International Group by 21.0% in the first quarter.

10/03/2016 - Colliers International Group Inc. Morgan Stanley increased its position in shares of Colliers International Group by 7.0% in the first 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. Finally, Karp Capital Management Corp bought a new position in Colliers International Group during the first quarter valued at $943,000. Renaissance Technologies LLC now owns 835,100 shares of the financial services provider's stock worth $39,423,000 after buying an additional 160,600 shares during the period.

Colliers International Group In now has a P/E ratio of 29.70 and the market cap of the company is 1.91B. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage.