Colliers International Group Inc. (CIGI) Trading Up 4.1%
Shares of Colliers International Group Inc. (NASDAQ:CIGI) were up 4.1% during trading on Thursday . The company traded as high as $43.29 and last traded at $42.83, with a volume of 183,953 shares trading hands. The stock had previously closed at $41.15.
A number of analysts have recently commented on CIGI shares. Royal Bank Of Canada started coverage on Colliers International Group in a research note on Wednesday, June 15th. They issued an “outperform” rating and a $52.00 price target for the company. Zacks Investment Research cut Colliers International Group from a “hold” rating to a “sell” rating in a research note on Friday, July 1st.
The company’s 50 day moving average price is $41.54 and its 200 day moving average price is $38.08. The stock has a market cap of $1.67 billion and a PE ratio of 28.98.
Colliers International Group (NASDAQ:CIGI) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities research analysts anticipate that Colliers International Group Inc. will post $2.52 EPS for the current fiscal year.
In related news, major shareholder Spruce House Partnership Lp acquired 266,288 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The shares were bought at an average cost of $34.60 per share, for a total transaction of $9,213,564.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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.
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