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

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

Several other equities research analysts also recently commented on CIGI. William Blair reiterated an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. CIBC assumed coverage on Colliers International Group in a report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 target price on the stock. Scotiabank dropped their target price on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a report on Friday, February 7th. BMO Capital Markets dropped their target price on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Finally, National Bankshares dropped their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.40.

Colliers International Group Stock Performance

Colliers International Group stock opened at $122.67 on Thursday. The stock’s 50-day moving average is $131.67 and its 200-day moving average is $141.12. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 38.45 and a beta of 1.58. 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 12 month low of $101.01 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released 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%. Equities analysts anticipate that Colliers International Group will post 6.2 earnings per share for the current year.

Institutional Investors Weigh In On Colliers International Group

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake 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 valued at $43,000 after purchasing an additional 298 shares in the last quarter. Plato Investment Management Ltd grew its position in shares of Colliers International Group by 16.0% in 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 in the last quarter. Tobam grew its position 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 acquiring an additional 98 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Colliers International Group in the 4th quarter worth approximately $145,000. Finally, CIBC Private Wealth Group LLC grew its position 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 acquiring an additional 378 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

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.