What Next for Colliers International Group Inc. (CIGI) Stock After Reaching 52-Week High?

May 17, 2018 - By Bernice Betts

Colliers International Group Inc. (NASDAQ:CIGI) Logo

The stock of Colliers International Group Inc. (NASDAQ:CIGI) hit a new 52-week high and has $81.40 target or 7.00 % above today’s $76.08 share price. The 9 months bullish chart indicates low risk for the $2.96B company. The 1-year high was reported on May, 17 by Barchart.com. If the $81.40 price target is reached, the company will be worth $207.13M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.56% or $0.425 during the last trading session, reaching $76.075. About 3,714 shares traded. Colliers International Group Inc. (NASDAQ:CIGI) has risen 43.21% since May 17, 2017 and is uptrending. It has outperformed by 31.66% the S&P500.

Analysts await Colliers International Group Inc. (NASDAQ:CIGI) to report earnings on August, 7. They expect $0.37 EPS, down 49.32 % or $0.36 from last year’s $0.73 per share. CIGI’s profit will be $14.39M for 51.40 P/E if the $0.37 EPS becomes a reality. After $0.13 actual EPS reported by Colliers International Group Inc. for the previous quarter, Wall Street now forecasts 184.62 % EPS growth.

Colliers International Group Inc. (NASDAQ:CIGI) Ratings Coverage

Among 2 analysts covering Colliers International Group (NASDAQ:CIGI), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Colliers International Group has $7600 highest and $67.0 lowest target. $73.50’s average target is -3.38% below currents $76.075 stock price. Colliers International Group had 4 analyst reports since January 31, 2018 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, February 14 report. BMO Capital Markets maintained it with “Buy” rating and $75.0 target in Wednesday, February 14 report. On Wednesday, March 28 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of Colliers International Group Inc. (NASDAQ:CIGI) has “Buy” rating given on Wednesday, January 31 by BMO Capital Markets.

More notable recent Colliers International Group Inc. (NASDAQ:CIGI) news were published by: Nasdaq.com which released: “Colliers International to Make Transformational Strategic Investment in Harrison Street Real Estate” on May 14, 2018, also Streetinsider.com with their article: “Colliers International (CIGI) Reports Acquisition of Colliers Winnipeg” published on April 17, 2018, Globenewswire.com published: “Colliers International Expands and Extends Revolving Credit Facility” on April 19, 2018. More interesting news about Colliers International Group Inc. (NASDAQ:CIGI) were released by: Globenewswire.com and their article: “Colliers International Reports First Quarter Results” published on May 01, 2018 as well as Themiddlemarket.com‘s news article titled: “M&A daily wrap: Stephen Feinberg, Cerberus, Trump’s Intelligence Advisory Board, Tyson Foods” with publication date: May 15, 2018.

Colliers International Group Inc. provides commercial real estate services to firms, financial institutions, governments, and individuals worldwide. The company has market cap of $2.96 billion. 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. It has a 60.86 P/E ratio. This division provides its services for various asset classes, including office, industrial, retail, multi-family, hotel, and mixed-use properties.

Colliers International Group Inc. (NASDAQ:CIGI) Ratings Chart

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