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

StockNews.com downgraded shares of Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI from a buy rating to a hold rating in a report published on Thursday morning.

A number of other equities research analysts have also issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a report on Friday, February 28th. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a report on Tuesday, March 4th. CIBC initiated coverage on Colliers International Group in a report on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 target price on the stock. Finally, Royal Bank of Canada increased 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. Four investment 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, the stock has an average rating of "Moderate Buy" and an average price target of $164.40.

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Colliers International Group Price Performance

Shares of CIGI traded up $4.29 during trading hours on Thursday, reaching $126.96. 91,209 shares of the stock traded hands, compared to its average volume of 112,643. The company has a market cap of $6.26 billion, a P/E ratio of 39.80 and a beta of 1.58. 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 company's 50-day moving average price is $131.64 and its two-hundred day moving average price is $141.03. Colliers International Group has a 52-week low of $101.01 and a 52-week high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data 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 net margin of 3.35% and a return on equity of 20.38%. On average, analysts anticipate 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 CIGI. Tower Research Capital LLC TRC increased its position in 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 acquiring an additional 298 shares during the last quarter. Plato Investment Management Ltd grew 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 valued at $117,000 after purchasing an additional 118 shares during the last quarter. Tobam grew its holdings in Colliers International Group by 12.0% during the 4th 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 last quarter. Venturi Wealth Management LLC purchased a new stake in Colliers International Group in the 4th quarter worth about $145,000. Finally, CIBC Private Wealth Group LLC lifted its stake in Colliers International Group by 44.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock worth $164,000 after purchasing an additional 378 shares during the last quarter. 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.