Economy

Colliers International Group Inc. (NASDAQ:CIGI) RSI Hits Key Level

The average stock price target is $47.55 with 2 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell. ValuEngine raised Colliers International Group from a "hold" rating to a "buy" rating in a report on Friday, September 1st. The company presently has a consensus rating of "Buy" and a consensus price target of $72.25. The dividend was $0.025 per share for the quarter or $0.10 on an annualized basis. Hillsdale Investment Management Inc. now owns 368,450 shares of the financial services provider's stock valued at $20,833,000 after buying an additional 60,500 shares in the last quarter.

The company's P/E ratio is 36.56 and the market cap of the company is 2.35B. Colliers International Group had a return on equity of 49.70% and a net margin of 3.23%. Analysts expect next quarter's EPS to be $1.28 and the next full year EPS is projected to be $3.10. The firm had revenue of $544.20 million during the quarter, compared to the consensus estimate of $515.45 million. In the last earnings report the EPS was $1.65 and is expected to be $2.88 for the current year with 38,841,000 shares outstanding.

Shares last traded at $60.50 quite a bit higher than the 50 day moving average of $51.90 and significantly higher than the 200 day moving average of $52.45. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. CIBC World Markets Inc. now owns 179,249 shares of the financial services provider's stock valued at $10,119,000 after buying an additional 69,167 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: "BMO Capital Markets Analysts Give Colliers International Group Inc (CIGI) a C$65.00 Price Target" was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of USA & worldwide copyright legislation. The legal version of this article can be viewed at https://weekherald.com/2017/11/01/bmo-capital-markets-reaffirms-outperform-rating-for-colliers-international-group-inc-cigi.html. Earnings, adjusted for non-recurring costs and stock option expense, came to 61 cents per share. LLC IN boosted its stake in Colliers International Group by 1.2% during the third quarter. Goldman Sachs Group Inc. now owns 60,298 shares of the financial services provider's stock worth $3,405,000 after buying an additional 14,937 shares in the last quarter. Fiera Capital Corp boosted its position in Colliers International Group by 42.9% in the second quarter. Atria Investments LLC acquired a new stake in Colliers International Group in the second quarter valued at $230,000. IL now owns 17,547 shares of the financial services provider's stock worth $991,000 after buying an additional 45 shares in the last quarter.

The commercial real estate services provider posted revenue of $574.1 million in the period. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate. The companys 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.



Like this

Latest


02 November 2017
Gov. Matt Bevin promotes plan to fix Kentucky's pension crisis
They say they don't want this to be a partisan issue. "We're trying work on solutions", Shell said. Senate Majority Leader Damon Thayer, R-Georgetown, echoed the latter Wednesday.

02 November 2017
What the Insider Data Suggests About Kimberly-Clark Corporation (KMB)
The price of Kimberly-Clark Corporation (NYSE:KMB) over the past year has decreased -1.66% while the S&P 500 has increased 20.99%. Several other large investors also recently bought and sold shares of KMB. 92 funds opened positions while 651 raised stakes.

02 November 2017
Kaepernick's lawyer thinks the QB will be signed in 10 days
But in December 2016, he was benched in favor of Blaine Gabbert , who is now a backup quarterback for the Arizona Cardinal . But instead of signing Kaepernick, the pick-hoarding Browns were going to send a second- and third-rounder to Cincinnati.

02 November 2017
CBS cancels 'Me, Myself & I'; 'Man With a Plan' plots early return
Me, Myself & I stars Bobby Moynihan , John Larroquette and It's Jack Dylan Grazer as one guy at three different times in his life. And another new sitcom, 9JKL will shift to 9:30, behind Superior Donuts, replacing the canceled series.

02 November 2017
The Paul Manafort indictment: His personal expenses, by the numbers
Searches for "indictment" were up 3,600%, the dictionary said. -Indictment is the officially charging of someone with a crime. At the same time, Manafort made withdrawals from a bank in Cypress to pay a Florida contractor, according to the indictment.

02 November 2017
OSU's Brad Lundblade one of 13 finalist for Campbell Trophy
Jackson, an economics major with a minor in French, has found success both in the classroom and on the football field. Each finalist will receive a $18,000 postgraduate scholarship as a member of the NFF National Scholar-Athlete Class.

02 November 2017
Trump picks Dan Patrick's son for USA attorney
Patrick is the son of Texas right-wing radio host turned Lieutenant Governor Dan Patrick. Scott to be the USA attorney for the Eastern District of California.

02 November 2017
Could Icelandic volcano ash cloud cause more air travel chaos?
It is reported that the mainland can cover a huge ash cloud, and this will seriously deteriorate the visibility and air quality. Seismology expert Páll Einarsson said the quakes showed that Bardarbunga is "clearly preparing for its next eruption".

02 November 2017
Noteworthy Buzzers: Simon Property Group Inc. (SPG), NextEra Energy, Inc. (NEE)
Fred Alger Management Inc increased Microsoft Corp (NASDAQ:MSFT) stake by 729,122 shares to 15.77M valued at $1.09B in 2017Q2. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion.

02 November 2017
Tesla may overcome Model 3 Gigafactory bottleneck soon
Tesla said its primary production constraint has been at the battery module assembly line at its Gigafactory in Sparks, Nevada. We will provide an update when we announce Q4 production and delivery numbers in the first few days of January.



Recommended