Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Colliers International Gr (CIGI) Stock Price
News articles about Colliers International Gr (NASDAQ:CIGI) (TSE:CIGI) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Colliers International Gr earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.0511801627225 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Royal Bank of Canada Boosts Colliers International Gr (CIGI) Price Target to $85.00 (americanbankingnews.com)
- Raymond James Boosts Colliers International Gr (CIGI) Price Target to $82.00 (americanbankingnews.com)
- Harrison Street to Sell 75% Stake To Colliers for $450 Million (seniorhousingnews.com)
- Colliers International Group to take majority stake in Harrison Street (pehub.com)
- St. Joe to Partner With Key International to Develop Hotel (zacks.com)
Several brokerages recently weighed in on CIGI. Royal Bank of Canada increased their price target on Colliers International Gr from $77.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday. Raymond James increased their price target on Colliers International Gr from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday. ValuEngine raised Colliers International Gr from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised Colliers International Gr from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Monday, May 7th. Finally, BidaskClub downgraded Colliers International Gr from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Colliers International Gr presently has an average rating of “Buy” and a consensus price target of $79.40.
Colliers International Gr (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, May 1st. The financial services provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.39. Colliers International Gr had a return on equity of 33.81% and a net margin of 2.25%. The firm had revenue of $552.50 million during the quarter, compared to the consensus estimate of $474.15 million. During the same period last year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. sell-side analysts predict that Colliers International Gr will post 2.08 earnings per share for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, July 11th. Shareholders of record on Friday, June 29th will be issued a $0.05 dividend. This represents a yield of 0.14%. The ex-dividend date of this dividend is Thursday, June 28th. Colliers International Gr’s dividend payout ratio (DPR) is currently 3.31%.
Colliers International Gr Company Profile
Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.
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