Colliers International Group (NASDAQ:CIGI) Cut to Hold at StockNews.com

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

Several other research analysts have also issued reports on CIGI. BMO Capital Markets lowered their price target 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. CIBC assumed coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 price target for the company. William Blair restated an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 price target for the company. Finally, Scotiabank lowered their price objective on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.40.

Colliers International Group Stock Down 0.9 %

NASDAQ:CIGI opened at $122.67 on Thursday. The firm’s 50 day simple moving average is $131.67 and its 200 day simple moving average is $141.12. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The company has a market cap of $6.05 billion, a PE ratio of 38.45 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Colliers International Group will post 6.2 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

A number of hedge funds have recently bought and sold shares of CIGI. Tower Research Capital LLC TRC boosted its holdings in 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 worth $43,000 after acquiring an additional 298 shares during the last quarter. Plato Investment Management Ltd boosted its holdings in Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 118 shares during the last quarter. Tobam boosted its holdings in shares of Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after buying an additional 98 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Colliers International Group in the 4th quarter worth about $145,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Colliers International Group by 44.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock worth $164,000 after buying an additional 378 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

About Colliers International Group

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.