Colliers International Group Inc. (CIGI) Reaches $71.80 High on Apr, 17; Pennantpark Floating Rate Capital LTD Has 2 Sentiment

April 17, 2018 - By Vivian Park

Colliers International Group Inc. (NASDAQ:CIGI) Logo

Pennantpark Floating Rate Capital LTD (PFLT) investors sentiment increased to 2 in 2017 Q4. It’s up 0.76, from 1.24 in 2017Q3. The ratio has improved, as 42 investment professionals increased or opened new positions, while 21 sold and decreased stakes in Pennantpark Floating Rate Capital LTD. The investment professionals in our database reported: 9.75 million shares, up from 8.63 million shares in 2017Q3. Also, the number of investment professionals holding Pennantpark Floating Rate Capital LTD in top ten positions was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 14 Increased: 27 New Position: 15.

The stock of Colliers International Group Inc. (NASDAQ:CIGI) reached all time high today, Apr, 17 and still has $74.67 target or 4.00% above today’s $71.80 share price. This indicates more upside for the $2.68B company. This technical setup was reported by Barchart.com. If the $74.67 PT is reached, the company will be worth $107.36 million more. The stock increased 2.43% or $1.7 during the last trading session, reaching $71.8. About 18,381 shares traded. Colliers International Group Inc. (NASDAQ:CIGI) has risen 43.21% since April 17, 2017 and is uptrending. It has outperformed by 31.66% the S&P500.

Among 4 analysts covering Colliers (NASDAQ:CIGI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Colliers has $7600 highest and $39 lowest target. $59.50’s average target is -17.13% below currents $71.8 stock price. Colliers had 17 analyst reports since August 6, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of CIGI in report on Wednesday, February 14 with “Buy” rating. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, February 14 report. RBC Capital Markets maintained it with “Buy” rating and $6200 target in Tuesday, August 1 report. The stock of Colliers International Group Inc. (NASDAQ:CIGI) has “Buy” rating given on Wednesday, March 28 by BMO Capital Markets. RBC Capital Markets maintained Colliers International Group Inc. (NASDAQ:CIGI) rating on Monday, February 8. RBC Capital Markets has “Sector Perform” rating and $39 target. Raymond James maintained the stock with “Outperform” rating in Tuesday, January 31 report. On Tuesday, September 26 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by RBC Capital Markets on Wednesday, October 28 with “Outperform”. The rating was maintained by BMO Capital Markets on Monday, October 9 with “Buy”. The firm has “Sector Outperform” rating given on Thursday, February 16 by IBC.

Analysts await Colliers International Group Inc. (NASDAQ:CIGI) to report earnings on May, 1 before the open. They expect $0.06 earnings per share, down 81.82% or $0.27 from last year’s $0.33 per share. CIGI’s profit will be $2.24 million for 299.17 P/E if the $0.06 EPS becomes a reality. After $1.39 actual earnings per share reported by Colliers International Group Inc. for the previous quarter, Wall Street now forecasts -95.68% negative EPS growth.

Colliers International Group Inc. provides commercial real estate services to firms, financial institutions, governments, and individuals worldwide. The company has market cap of $2.68 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 57.44 P/E ratio. This division provides its services for various asset classes, including office, industrial, retail, multi-family, hotel, and mixed-use properties.

It closed at $13.39 lastly. It is down 4.82% since April 17, 2017 and is downtrending. It has underperformed by 16.37% the S&P500.

Since January 1, 0001, it had 6 insider buys, and 0 selling transactions for $795,997 activity.

Greenwich Investment Management Inc. holds 3.66% of its portfolio in PennantPark Floating Rate Capital Ltd. for 186,177 shares. Muzinich & Co. Inc. owns 1.33 million shares or 2.36% of their US portfolio. Moreover, Cue Financial Group Inc. has 1.39% invested in the company for 154,451 shares. The Oregon-based Pacific Ridge Capital Partners Llc has invested 1.39% in the stock. Taylor Frigon Capital Management Llc, a California-based fund reported 112,286 shares.

Analysts await PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) to report earnings on May, 10 after the close. They expect $0.25 earnings per share, down 7.41% or $0.02 from last year’s $0.27 per share. PFLT’s profit will be $9.69M for 13.39 P/E if the $0.25 EPS becomes a reality. After $0.25 actual earnings per share reported by PennantPark Floating Rate Capital Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Institutional Positions Chart

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