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

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

Several other research analysts have also weighed in on CIGI. Raymond James cut their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. National Bankshares dropped their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. CIBC began coverage on Colliers International Group in a research report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 price target on the stock. BMO Capital Markets cut their price objective on shares of 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, Scotiabank cut 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. Four 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. According to MarketBeat.com, Colliers International Group has a consensus rating of "Moderate Buy" and a consensus target price of $164.40.

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Colliers International Group Trading Down 1.8 %

Shares of CIGI traded down $2.28 on Thursday, hitting $124.68. 84,796 shares of the stock traded hands, compared to its average volume of 112,643. The firm has a market capitalization of $6.15 billion, a P/E ratio of 39.08 and a beta of 1.58. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The stock's 50 day moving average is $131.64 and its two-hundred day moving average is $141.03.

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 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%. As a group, sell-side analysts predict that Colliers International Group will post 6.2 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

Hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its holdings in shares of 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 purchasing an additional 340,691 shares during the period. Empowered Funds LLC lifted its stake in Colliers International Group by 60.5% in the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider's stock valued at $1,885,000 after buying an additional 4,678 shares during the last quarter. Barclays PLC bought a new position in Colliers International Group in the 3rd quarter worth about $1,629,000. Thrivent Financial for Lutherans acquired a new stake in shares of Colliers International Group in the third quarter valued at approximately $2,581,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Colliers International Group during the third quarter valued at approximately $3,543,000. 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.