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

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

A number of other analysts have also issued reports on CIGI. Raymond James lowered their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th. National Bankshares lowered their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a report on Friday, February 7th. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. BMO Capital Markets cut their target price 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, Royal Bank of Canada upped their price target 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. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group Stock Up 0.1 %

NASDAQ:CIGI opened at $127.35 on Thursday. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 39.92 and a beta of 1.49. Colliers International Group has a twelve month low of $101.01 and a twelve month high of $156.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The stock has a fifty day simple moving average of $135.49 and a 200-day simple moving average of $143.09.

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 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%. Analysts anticipate that Colliers International Group will post 6.2 EPS for the current year.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently bought and sold shares of CIGI. Tower Research Capital LLC TRC lifted its holdings in shares of Colliers International Group by 1,752.9% during the 4th 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 last quarter. Plato Investment Management Ltd purchased a new stake in Colliers International Group in the third quarter valued at about $112,000. Tobam boosted its holdings in Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 98 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Colliers International Group during the fourth quarter worth about $145,000. Finally, CIBC Private Wealth Group LLC increased its holdings 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 acquiring an additional 378 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.