Colliers International Group (CIGI) Receiving Positive News Coverage, Study Finds
News articles about Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) have trended positive recently, according to Alpha One Sentiment Analysis. Alpha One, a division of Accern, rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Colliers International Group earned a daily sentiment score of 0.50 on Alpha One’s scale. Alpha One also assigned news stories about the financial services provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Colliers International Group (NASDAQ CIGI) traded down 1.04% during trading on Friday, hitting $52.15. The company had a trading volume of 2,625 shares. Colliers International Group has a 12-month low of $32.93 and a 12-month high of $55.40. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 26.90 and a beta of 1.74. The firm has a 50-day moving average of $52.58 and a 200 day moving average of $44.85.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The business had revenue of $422.80 million during the quarter, compared to the consensus estimate of $404.95 million. Colliers International Group had a return on equity of 51.57% and a net margin of 3.87%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 earnings per share. On average, equities research analysts forecast that Colliers International Group will post $2.82 earnings per share for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, July 12th. Investors of record on Friday, June 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a yield of 0.19%. Colliers International Group’s dividend payout ratio is presently 5.18%.
Several research analysts recently weighed in on CIGI shares. Zacks Investment Research cut Colliers International Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Raymond James Financial, Inc. raised their target price on Colliers International Group from $57.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, May 3rd. Scotiabank raised their target price on Colliers International Group from $66.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, May 3rd. TheStreet raised Colliers International Group from a “c+” rating to a “b” rating in a research note on Thursday, February 16th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $50.00 target price on shares of Colliers International Group in a research note on Wednesday, April 5th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Colliers International Group has a consensus rating of “Buy” and an average price target of $65.60.
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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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