Credit Suisse AG increased its position in shares of Colliers International Group Inc. The stock of Colliers International Group Inc (NASDAQ:CIGI) earned "Buy" rating by BMO Capital Markets on Tuesday, August 1. Scotiabank cut their price objective on Colliers International Group from $76.00 to $75.50 and set an "outperform" rating for the company in a research report on Thursday, August 3rd. Subordinate Voting Shares had its "neutral" rating reiterated by analysts at Sidoti. Zacks Investment Research downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, April 18th. Wells Fargo & Company/mn grew its stake by buying 2,089 shares an increase of 1.2% from 03/31/2017 to 06/30/2017. The company has a consensus rating of Buy and an average target price of $65.70.
Colliers International Group (NASDAQ:CIGI) traded up 0.51% during mid-day trading on Friday, hitting $49.40. Colliers International Group has a 12 month low of $34.20 and a 12 month high of $60.75. The company has a market capitalization of $1.91 billion, a price-to-earnings 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 released its 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. The firm had revenue of $544.20 million during the quarter, compared to analyst estimates of $515.45 million. IL boosted its stake in Colliers International Group by 6.5% in the first quarter. Colliers International Group's quarterly revenue was up 12.8% compared to the same quarter a year ago. During the same quarter past year, the firm posted $0.63 earnings per share. Equities analysts anticipate that Colliers International Group will post $2.87 EPS for the current year.
At least 23 killed in floods and landslides in Nepal
So, in the Eastern city of Biratnagar runway of the airport is also covered with water, which led to the suspension of flights. The video went viral on social media in Nepal, sparking outrage over the condition of the roads in the capital.
WARNING: "Colliers International Group's (CIGI) Outperform Rating Reaffirmed at Raymond James Financial, Inc." was published by Chaffey Breeze and is the property of of Chaffey Breeze. UBS Group AG now owns 4,945 shares of the financial services provider's stock worth $234,000 after buying an additional 645 shares during the last quarter. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & worldwide trademark & copyright legislation. The correct version of this story can be accessed at https://www.thestockobserver.com/2017/08/12/colliers-international-group-inc-cigi-position-maintained-by-chevy-chase-trust-holdings-inc-updated-updated.html.
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. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Colliers International Group during the fourth quarter worth about $14,040,000. Finally, Acadian Asset Management LLC purchased a new stake in Colliers International Group during the first quarter worth about $4,597,000. The value of the investment in Colliers International Group In increased from $5,196,000 to $10,119,000 a change of 94.7% quarter to quarter. Parametric Portfolio Associates LLC now owns 10,062 shares of the financial services provider's stock valued at $475,000 after buying an additional 1,743 shares during the last quarter. Bank of Montreal Can now owns 199,358 shares of the financial services provider's stock worth $9,410,000 after buying an additional 23,023 shares during the last quarter. The institutional investor owned 18,961 shares of the financial services provider's stock at the end of the second quarter.