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 “
Other equities analysts have also issued research reports about the stock. Scotiabank reissued an outperform rating and issued a $59.00 price objective on shares of Colliers International Group in a research report on Tuesday, October 4th. Royal Bank Of Canada started coverage on shares of Colliers International Group in a research report on Wednesday, June 22nd. They issued an outperform rating for the company.
Colliers International Group (NASDAQ:CIGI) opened at 41.50 on Wednesday. The firm has a 50-day moving average of $41.84 and a 200 day moving average of $39.65. The stock has a market cap of $1.60 billion, a PE ratio of 27.78 and a beta of 1.35. Colliers International Group has a 12 month low of $30.76 and a 12 month high of $50.72.
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 consensus estimate of $0.55 by $0.08. Colliers International Group had a net margin of 3.14% and a return on equity of 31.57%. The company had revenue of $482.50 million for the quarter, compared to the consensus estimate of $434.82 million. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Analysts anticipate that Colliers International Group will post $2.51 EPS for the current year.
In related news, major shareholder Spruce House Partnership Lp purchased 120,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was purchased at an average price of $41.62 per share, with a total value of $4,994,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. BloombergSen Inc. raised its stake in Colliers International Group by 50.8% in the second quarter. BloombergSen Inc. now owns 1,615,628 shares of the company’s stock valued at $55,158,000 after buying an additional 544,128 shares during the last quarter. Royal Bank of Canada raised its stake in Colliers International Group by 602.8% in the first quarter. Royal Bank of Canada now owns 547,356 shares of the company’s stock valued at $20,723,000 after buying an additional 469,471 shares during the last quarter. Bank of Montreal Can acquired a new stake in Colliers International Group during the second quarter valued at about $15,480,000. Mackenzie Financial Corp acquired a new stake in Colliers International Group during the second quarter valued at about $5,754,000. Finally, Spruce House Investment Management LLC raised its stake in Colliers International Group by 3.9% in the second quarter. Spruce House Investment Management LLC now owns 3,466,340 shares of the company’s stock valued at $118,334,000 after buying an additional 130,700 shares during the last quarter. 61.90% of the stock is owned by institutional investors.
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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