Colliers International Group Inc. (NASDAQ:CIGI) – Analysts at William Blair cut their Q3 2016 earnings estimates for shares of Colliers International Group in a note issued to investors on Sunday. William Blair analyst B. Dobell now forecasts that the brokerage will post earnings of $0.53 per share for the quarter, down from their previous forecast of $0.54.

CIGI has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Colliers International Group from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Tuesday, August 16th. Royal Bank Of Canada initiated coverage on shares of Colliers International Group in a research note on Wednesday, June 22nd. They set an “outperform” rating on the stock. Finally, Scotiabank reiterated an “outperform” rating and set a $59.00 price objective on shares of Colliers International Group in a research report on Tuesday, October 4th.

Earnings History and Estimates for Colliers International Group (NASDAQ:CIGI)

Colliers International Group (NASDAQ:CIGI) traded up 0.80% during mid-day trading on Tuesday, reaching $41.64. The company’s stock had a trading volume of 12,971 shares. Colliers International Group has a 52 week low of $30.76 and a 52 week high of $50.72. The firm has a market capitalization of $1.61 billion, a P/E ratio of 27.87 and a beta of 1.35. The firm’s 50 day moving average price is $42.10 and its 200 day moving average price is $39.49.

Colliers International Group (NASDAQ:CIGI) last posted its earnings results on Tuesday, July 26th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.08. The company had revenue of $482.50 million for the quarter, compared to the consensus estimate of $434.82 million. Colliers International Group had a return on equity of 31.57% and a net margin of 3.14%. The firm’s revenue was up 17.7% on a year-over-year basis.

A number of large investors have recently made changes to their positions in CIGI. Canada Pension Plan Investment Board boosted its stake in shares of Colliers International Group by 11.3% in the first quarter. Canada Pension Plan Investment Board now owns 191,500 shares of the company’s stock valued at $7,286,000 after buying an additional 19,400 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Colliers International Group during the second quarter valued at $15,480,000. Renaissance Technologies LLC boosted its stake in shares of Colliers International Group by 5.9% in the first quarter. Renaissance Technologies LLC now owns 662,000 shares of the company’s stock valued at $25,063,000 after buying an additional 36,648 shares in the last quarter. BloombergSen Inc. boosted its stake in shares of Colliers International Group by 50.8% in the second quarter. BloombergSen Inc. now owns 1,615,628 shares of the company’s stock valued at $55,158,000 after buying an additional 544,128 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Colliers International Group by 602.8% in the first quarter. Royal Bank of Canada now owns 547,356 shares of the company’s stock valued at $20,723,000 after buying an additional 469,471 shares in the last quarter. Institutional investors own 61.90% of the company’s stock.

In related news, major shareholder Spruce House Partnership Lp acquired 133,800 shares of Colliers International Group stock in a transaction dated Tuesday, October 4th. The shares were purchased at an average price of $42.05 per share, for a total transaction of $5,626,290.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.30% of the company’s stock.

Colliers International Group Company Profile

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company’s primary services are outsourcing and advisory services, lease brokerage and sales brokerage. The Company’s segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

5 Day Chart for NASDAQ:CIGI

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