Colliers International Group Inc. (CIGI) Stock Rating Lowered by BidaskClub

Paterniano Del Favero
Agosto 15, 2017

Zacks Investment Research downgraded Colliers International Group from a "hold" rating to a "sell" rating in a research report on Wednesday, May 3rd. The brokerage now has a $62.00 price target on the financial services provider's stock, up from their previous price target of $58.00. (NASDAQ:CIGI) (TSE:CIGI) by 14.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

Colliers International Group (CIGI) traded up 3.55% during trading on Wednesday, hitting $64.82. Raymond James Financial, Inc. upped their price objective on Colliers International Group from $57.00 to $81.00 and gave the company an "outperform" rating in a research report on Wednesday, May 3rd. BMO Capital Markets set a C$60.00 price objective on Colliers International Group and gave the stock an outperform rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. The stock now has a consensus rating of "Buy" and a consensus target price of $65.70. After a recent check, the 14-day RSIfor Colliers International Group Inc (CIGI) is now at 41.30, the 7-day stands at 42.66, and the 3-day is sitting at 61.28. Colliers International Group Inc. has a one year low of $34.20 and a one year high of $60.75. The stock has a market capitalization of $1.98 billion, a PE ratio of 30.85 and a beta of 1.73. The company's 50-day moving average price is $69.62 and its 200 day moving average price is $66.21.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.57 by $0.16. Colliers International Group had a net margin of 3.23% and a return on equity of 49.70%. The company had revenue of $544.20 million for the quarter, compared to analysts' expectations of $515.45 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The company's revenue was up 12.8% on a year-over-year basis.

TD Asset Management Inc. increased its stake in shares of Colliers International Group Inc.

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Active traders have a wide range of additional technical indicators at their disposal for when completing technical stock analysis. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued. Investors who put in the time to study all the fundamentals may want to also start watching the charts on stock that they are thinking about adding to the portfolio. Van Berkom & Associates Inc. raised its position in shares of Colliers International Group by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 75,680 shares of the financial services provider's stock valued at $4,272,000 after buying an additional 2,429 shares in the last quarter. Spruce House Investment Management LLC increased its position in Colliers International Group by 2.0% in the first quarter. Parametric Portfolio Associates LLC now owns 10,518 shares of the financial services provider's stock valued at $594,000 after buying an additional 456 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Colliers International Group by 5.1% in the second quarter. Accern also gave headlines about the financial services provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. Finally, Wells Fargo & Company MN raised its stake in shares of Colliers International Group by 0.6% in the second quarter. Vanguard Group Inc. now owns 801,789 shares of the financial services provider's stock valued at $45,262,000 after buying an additional 31,716 shares in the last quarter. Buying an individual stock means that you own a piece of the company.

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage.

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