Colliers International Group (CIGI) Getting Somewhat Positive Press Coverage, Analysis Finds
Media stories about Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) have been trending somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Colliers International Group earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.4993404997002 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research firms have weighed in on CIGI. Raymond James Financial, Inc. restated an “outperform” rating and set a $75.00 price target (up previously from $59.00) on shares of Colliers International Group in a report on Wednesday, August 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $62.00 price target (up previously from $58.00) on shares of Colliers International Group in a report on Tuesday, August 8th. BidaskClub upgraded Colliers International Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Zacks Investment Research cut Colliers International Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 7th. Finally, ValuEngine cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $68.88.
Shares of Colliers International Group (NASDAQ:CIGI) traded up 0.69% during trading on Thursday, hitting $50.90. The stock had a trading volume of 9,201 shares. The firm’s 50-day moving average is $49.92 and its 200 day moving average is $51.56. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 30.76 and a beta of 1.73. Colliers International Group has a 52-week low of $34.20 and a 52-week high of $60.75.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.57 by $0.16. Colliers International Group had a return on equity of 49.70% and a net margin of 3.23%. The firm had revenue of $544.20 million during the quarter, compared to analysts’ expectations of $515.45 million. During the same quarter last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts expect that Colliers International Group will post $2.87 EPS for the current year.
Colliers International Group announced that its board has approved a stock repurchase plan on Thursday, July 13th that authorizes the company to repurchase 2,700,000 shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
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Colliers International Group Company Profile
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. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.
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