Solid quarter strengthens this buy

Article Excerpt

COLLIERS INTERNATIONAL GROUP INC. $194 is a buy for aggressive investors. This company (Toronto symbol CIGI; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 48.7 million; Market cap: $9.4 billion; Price-to-sales ratio: 1.6; Dividend yield: 0.2%; TSINetwork Rating: Extra Risk; www.colliers.com) offers a range of real estate services, including helping clients buy and sell commercial properties, arrange financing, and assess properties for tax purposes. Colliers uses acquisitions to enhance its market share and spur its long-term growth. Those purchases helped lift its revenue in the quarter ended June 30, 2024, by 5.7%, to $1.14 billion from $1.08 billion a year earlier (all amounts except share price and market cap in U.S. dollars). The company’s earnings before one-time items also improved 3.8%, to $1.36 from $1.31. Colliers is a buy for aggressive investors. investors…