Colliers International Group's (CIGI) Outperform Rating Reaffirmed at Raymond James Financial, Inc

BMO Capital Markets restated an "outperform" rating and set a $60.00 price target on shares of Colliers International Group in a research note on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $62.00 target price (up from $58.00) on shares of Colliers International Group in a research note on Tuesday. Spruce House Investment Management LLC boosted its position in shares of Colliers International Group by 2.0% in the first quarter. Wells Fargo & Company/mn bolstered its position by buying 2,089 shares an increase of 1.2% as of 06/30/2017. The company has an average rating of Buy and an average price target of $65.70.

Colliers International Group Inc is engaged in the provision of commercial real estate services. Subordinate Voting Shares has a 52-week low of 34.20 and a 52-week high of 60.75. The stock has a market cap of $1.91 billion, a PE ratio of 29.76 and a beta of 1.73.

It is now trading at $49.15 impressively lower than the 50 day moving average of $54.79 and which is just under the 200 day moving average of $49.74.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.16, Morningstar.com reports. The firm had revenue of $544.20 million for the quarter, compared to analyst estimates of $515.45 million.

Colliers International Group (CIGI) traded up 0.20% during trading on Monday, hitting $49.25. The company's revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter past year, the business posted $0.63 EPS. Subordinate Voting Shares News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group Inc.

Several other institutional investors have also bought and sold shares of the company. It provides services for sales, leases and mortgages in various areas, such as landlord representation, tenant representation, and capital markets and investment services. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

WARNING: This news story was published by Week Herald and is the sole property of of Week Herald. If you are accessing this piece on another publication, it was copied illegally and republished in violation of global copyright laws. The value of the investment in Colliers International Group In increased from $5,196,000 to $10,119,000 a change of 94.7% since the last quarter.

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Colliers International Group by 23.8% in the first quarter. Renaissance Technologies LLC now owns 835,100 shares of the financial services provider's stock valued at $39,423,000 after buying an additional 160,600 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Colliers International Group during the first quarter worth approximately $230,000. Colliers International Group had a return on equity of 49.70% and a net margin of 3.23%. IL now owns 17,502 shares of the financial services provider's stock worth $858,000 after buying an additional 1,065 shares in the last quarter.

Colliers International Group declared that its board has initiated a stock repurchase program on Thursday, July 13th that authorizes the company to repurchase 2,700,000 shares. Oxford Asset Management bought a new position in Colliers International Group during the first quarter valued at about $1,199,000.

Hillsdale Investment Management Inc. purchased a new stake in shares of Colliers International Group during the first quarter valued at about $14,540,000. The Firm offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. The Company's divisions include Americas; Europe, Middle East and Africa; Asia Pacific, and Corporate.