According to Zacks, “FIRSTSERVICE CP is a leader in the rapidly growing service sector providing property and business services to commercial and residential customers in the following areas: residential property management; integrated security systems; consumer services; and, customer support and fulfillment and business process outsourcing. FirstService’s operations are divided into two divisions: Property Services and Business Services “
Several other equities research analysts have also issued reports on CIGI. BidaskClub upgraded Colliers International Group from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Raymond James set a $85.00 price target on Colliers International Group and gave the company an “outperform” rating in a report on Monday, April 29th. ValuEngine lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Finally, Royal Bank of Canada reduced their price target on Colliers International Group from $87.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $77.67.
NASDAQ CIGI traded down $0.90 during trading on Wednesday, reaching $69.85. 98,804 shares of the company’s stock were exchanged, compared to its average volume of 63,335. Colliers International Group has a fifty-two week low of $52.01 and a fifty-two week high of $84.20. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 28.51 and a beta of 1.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.59. The stock has a fifty day moving average price of $64.82.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.23). The firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $628.75 million. Colliers International Group had a net margin of 3.24% and a return on equity of 25.61%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. As a group, sell-side analysts expect that Colliers International Group will post 3.11 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Advisor Group Inc. bought a new position in shares of Colliers International Group in the 4th quarter valued at approximately $41,000. Assenagon Asset Management S.A. bought a new position in shares of Colliers International Group in the 1st quarter valued at approximately $206,000. Wetherby Asset Management Inc. bought a new position in shares of Colliers International Group in the 1st quarter valued at approximately $223,000. Signition LP bought a new position in shares of Colliers International Group in the 1st quarter valued at approximately $240,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of Colliers International Group in the 1st quarter valued at approximately $322,000. 68.33% of the stock is currently owned by institutional investors and hedge funds.
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.
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