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 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.

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