According to Zacks, “FIRSTSERVICE CP is a leader in the rapidly growing service sector providing property and business services to commercial and residential customers in the following areas: residential property management; integrated security systems; consumer services; and, customer support and fulfillment and business process outsourcing. FirstService’s operations are divided into two divisions: Property Services and Business Services “
A number of other equities analysts also recently issued reports on the company. Scotiabank reaffirmed an outperform rating and issued a $59.00 price target on shares of Colliers International Group in a report on Tuesday, October 4th. Royal Bank Of Canada assumed coverage on Colliers International Group in a report on Wednesday, June 22nd. They issued an outperform rating for the company.
Colliers International Group (NASDAQ:CIGI) opened at 40.87 on Wednesday. Colliers International Group has a one year low of $30.76 and a one year high of $50.72. The stock has a market capitalization of $1.58 billion, a PE ratio of 27.36 and a beta of 1.35. The firm has a 50-day moving average of $41.88 and a 200 day moving average of $39.57.
Colliers International Group (NASDAQ:CIGI) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.08. The firm earned $482.50 million during the quarter, compared to the consensus estimate of $434.82 million. Colliers International Group had a return on equity of 31.57% and a net margin of 3.14%. Colliers International Group’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities research analysts anticipate that Colliers International Group will post $2.51 earnings per share for the current fiscal year.
In other news, major shareholder Spruce House Partnership Lp acquired 120,000 shares of Colliers International Group stock in a transaction on Thursday, September 15th. The stock was bought at an average price of $41.62 per share, for a total transaction of $4,994,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.30% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in Colliers International Group by 65.1% in the first quarter. Legal & General Group Plc now owns 2,789 shares of the company’s stock valued at $106,000 after buying an additional 1,100 shares during the period. Acrospire Investment Management LLC raised its position in shares of Colliers International Group by 141.9% in the second quarter. Acrospire Investment Management LLC now owns 3,594 shares of the company’s stock worth $123,000 after buying an additional 2,108 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new position in shares of Colliers International Group during the second quarter worth $214,000. Quadrature Capital Ltd acquired a new position in shares of Colliers International Group during the second quarter worth $214,000. Finally, A.R.T. Advisors LLC acquired a new position in shares of Colliers International Group during the second quarter worth $262,000. Institutional investors and hedge funds own 61.90% of the company’s stock.
About Colliers International Group
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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