Colliers International Group Inc. (CIGI) Stock Price Up 4.1%
Shares of Colliers International Group Inc. (NASDAQ:CIGI) rose 4.1% on Thursday . The company traded as high as $43.29 and last traded at $42.83, with a volume of 183,953 shares changing hands. The stock had previously closed at $41.15.
CIGI has been the subject of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Colliers International Group in a research report on Wednesday, June 15th. They set an “outperform” rating and a $52.00 target price for the company. Zacks Investment Research downgraded shares of Colliers International Group from a “hold” rating to a “sell” rating in a research report on Friday, July 1st.
The company has a market capitalization of $1.65 billion and a P/E ratio of 28.68. The company has a 50 day moving average of $41.26 and a 200 day moving average of $38.05.
Colliers International Group (NASDAQ:CIGI) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.08. The business had revenue of $482.50 million for the quarter, compared to analysts’ expectations of $434.82 million. Colliers International Group’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, analysts expect that Colliers International Group Inc. will post $2.52 earnings per share for the current year.
In other Colliers International Group news, major shareholder Spruce House Partnership Lp acquired 266,288 shares of the business’s stock in a transaction dated Friday, July 8th. The stock was bought at an average price of $34.60 per share, with a total value of $9,213,564.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A hedge fund recently raised its stake in Colliers International Group stock. Bank of Montreal Can boosted its position in Colliers International Group Inc. (NASDAQ:CIGI) by 24.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 347,621 shares of the company’s stock after buying an additional 69,128 shares during the period. Bank of Montreal Can owned about 0.91% of Colliers International Group worth $15,486,000 as of its most recent filing with the SEC.
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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