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Weekly 52-Week Low (or 52-Week High): ARE-T, NA-T, OBE-T, PAY-T and More 52-Week Highs and Lows (Sep 25-Oct 01)Wall Street climbs, TSX declines amid earningsEarnings lift marketsThis summary was created by AI, based on 4 opinions in the last 12 months.
Colliers International Group Inc. (CIGI-T) operates in the real estate sector, facing challenges in leasing and brokerage but has been taking advantage of the downturn in the market. The company is diversified and has a strong track record under the leadership of its CEO. It has experienced growth through acquisitions and is positioned well to perform during downturns. Overall, experts have a positive outlook on the company's future prospects.
Globally diversified, with 50% of revenue from US. Profitability is 20% ROE, considerably higher than market average of 12% in Canada, and US average of 14%. More leverage than he's comfortable with. Share price has moved sideways for a couple of years. Virtually no yield, so you need capital appreciation to create alpha. 20x PE, quite expensive for a real estate company. He'd be interested around $120.
Real estate has been impacted heavily by higher interest rates. Office RE has been hit the most as there remains vacancies in offices. But if you feel that rates will decline (likely), CIGI will do better. If you like this name, buy a little now then wait 1-4 quarters and watch rates before adding more.
Getting into real estate investment management, a pretty good business. Leasing and brokerage and office are not good right now. Hard to get people to come in to work. Trying to diversify. Trusts the CEO. Prefers FSV.
It grows organically and by acquisition but when buying another company it leaves 25% of the shares in the hands of existing management which motivates them to make it work. It is the fastest growing global commercial real estate services company.
It is in the real estate sector and rising interest rates have hurt the price. The downturn in the real estate market has been an opportunity and Colliers has been taking advantage of it. Also the brokerage part of the business has been getting no value in the price of the stock. Management has had a great track record over the years. Buy 8 Hold 1 Sell 0
(Analysts’ price target is $158.15)It is in the business of real estate. It has grown through acquisitions and does well during downturns.
Colliers International Group is a Canadian stock, trading under the symbol CIGI-T on the Toronto Stock Exchange (CIGI-CT). It is usually referred to as TSX:CIGI or CIGI-T
In the last year, 4 stock analysts published opinions about CIGI-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Colliers International Group.
Colliers International Group was recommended as a Top Pick by on . Read the latest stock experts ratings for Colliers International Group.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Colliers International Group In the last year. It is a trending stock that is worth watching.
On 2024-10-04, Colliers International Group (CIGI-T) stock closed at a price of $199.98.
A turnaround. Building recurring income. Owned since 1988. Great company. Hiccup last couple of years with real estate, rest is going well.