Colliers International Group (NASDAQ:CIGI) Rating Lowered to “Hold” at StockNews.com

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

CIGI has been the topic of a number of other research reports. Raymond James dropped their target price on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. 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 note on Friday, February 7th. BMO Capital Markets decreased their price target on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Royal Bank of Canada lifted their price target on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, William Blair restated an “outperform” rating on shares of Colliers International Group in a research note on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.40.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $122.67 on Thursday. 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 has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The firm has a market capitalization of $6.05 billion, a PE ratio of 38.45 and a beta of 1.58. The stock’s 50-day simple moving average is $131.67 and its 200-day simple moving average is $141.12.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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%. As a group, equities research analysts forecast that Colliers International Group will post 6.2 EPS for the current fiscal year.

Institutional Trading of Colliers International Group

A number of large investors have recently made changes to their positions in CIGI. FIL Ltd boosted its stake in shares of Colliers International Group by 116.5% during the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock valued at $210,449,000 after acquiring an additional 832,583 shares during the last quarter. Norges Bank acquired a new stake in shares of Colliers International Group during the fourth quarter valued at $74,615,000. Janus Henderson Group PLC acquired a new stake in shares of Colliers International Group during the third quarter valued at $69,920,000. Franklin Resources Inc. lifted its position in Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after buying an additional 340,691 shares during the period. Finally, Artisan Partners Limited Partnership lifted its position in Colliers International Group by 67.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider’s stock worth $59,320,000 after buying an additional 176,232 shares during the period. 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.