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

StockNews.com cut shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a buy rating to a hold rating in a research note released on Thursday.

Several other equities research analysts have also recently weighed in on CIGI. Scotiabank decreased their price target on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. National Bankshares decreased their price target on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada upped their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research 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 on the stock in a research report on Friday, February 7th. Finally, CIBC started coverage on shares of Colliers International Group in a research report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average price target of $164.40.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $122.67 on Thursday. Colliers International Group has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The company’s 50-day moving average is $131.67 and its 200 day moving average is $141.12. The company has a market capitalization of $6.05 billion, a P/E ratio of 38.45 and a beta of 1.58. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06.

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

Institutional Trading of Colliers International Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in shares of Colliers International Group by 1,752.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 298 shares during the period. Plato Investment Management Ltd boosted its stake in shares of Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 118 shares during the period. Tobam boosted its stake in shares of Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 98 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Colliers International Group during the fourth quarter valued at approximately $145,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Colliers International Group by 44.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 378 shares during the period. 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.