Colliers International Gr (NASDAQ:CIGI) (TSE:CIGI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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 “
A number of other equities research analysts also recently issued reports on the stock. BidaskClub upgraded shares of Colliers International Gr from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 28th. ValuEngine upgraded shares of Colliers International Gr from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Raymond James Financial boosted their target price on shares of Colliers International Gr from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, February 16th. TheStreet upgraded shares of Colliers International Gr from a “c+” rating to a “b+” rating in a report on Wednesday, February 14th. Finally, Royal Bank of Canada boosted their target price on shares of Colliers International Gr from $66.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $72.40.
Colliers International Gr stock traded up $1.30 during trading on Tuesday, reaching $71.40. The company had a trading volume of 27,232 shares, compared to its average volume of 31,411. Colliers International Gr has a 12-month low of $46.60 and a 12-month high of $72.05. The company has a market cap of $2,647.26, a price-to-earnings ratio of 23.64 and a beta of 1.53. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89.
Colliers International Gr (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Wednesday, February 14th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. Colliers International Gr had a net margin of 2.17% and a return on equity of 40.34%. The firm had revenue of $734.25 million during the quarter, compared to the consensus estimate of $648.86 million. During the same period in the previous year, the firm earned $1.22 earnings per share. Colliers International Gr’s revenue was up 27.5% compared to the same quarter last year. sell-side analysts predict that Colliers International Gr will post 2.04 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the business. Beutel Goodman & Co Ltd. acquired a new position in Colliers International Gr during the fourth quarter valued at approximately $117,633,000. Renaissance Technologies LLC lifted its position in Colliers International Gr by 4.5% during the fourth quarter. Renaissance Technologies LLC now owns 859,200 shares of the financial services provider’s stock valued at $51,856,000 after buying an additional 36,800 shares in the last quarter. Mackenzie Financial Corp lifted its position in Colliers International Gr by 305.1% during the fourth quarter. Mackenzie Financial Corp now owns 305,329 shares of the financial services provider’s stock valued at $18,427,000 after buying an additional 229,960 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Colliers International Gr by 31.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 261,450 shares of the financial services provider’s stock valued at $15,779,000 after buying an additional 62,834 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Colliers International Gr by 25.2% during the fourth quarter. Deutsche Bank AG now owns 234,768 shares of the financial services provider’s stock valued at $14,168,000 after buying an additional 47,253 shares in the last quarter. 72.69% of the stock is currently owned by hedge funds and other institutional investors.
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Colliers International Gr Company Profile
Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.
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