Colliers International Group (NASDAQ:CIGI) Lowered to Hold Rating by StockNews.com

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other equities research analysts have also issued reports on the stock. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Scotiabank lowered their target price on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. Raymond James decreased their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th. BMO Capital Markets decreased their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Finally, Royal Bank of Canada lifted their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $168.63.

Colliers International Group Stock Performance

Shares of NASDAQ:CIGI opened at $128.22 on Thursday. Colliers International Group has a 52 week low of $101.01 and a 52 week high of $156.96. The stock has a market capitalization of $6.49 billion, a P/E ratio of 40.19 and a beta of 1.49. The firm has a fifty day simple moving average of $135.34 and a two-hundred day simple moving average of $142.98. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, analysts expect that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CIGI. Kornitzer Capital Management Inc. KS increased its position in Colliers International Group by 23.4% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 7,260 shares of the financial services provider’s stock valued at $1,102,000 after purchasing an additional 1,375 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in shares of Colliers International Group in the 3rd quarter worth approximately $702,000. Plato Investment Management Ltd purchased a new position in shares of Colliers International Group in the 3rd quarter worth approximately $112,000. Empowered Funds LLC grew its position in shares of Colliers International Group by 60.5% in the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 4,678 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Colliers International Group in the 3rd quarter worth approximately $2,581,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.