Colliers International Group (NASDAQ:CIGI) Stock Rating Lowered by StockNews.com

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

Several other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a research report on Wednesday. BMO Capital Markets cut their price objective on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. JPMorgan Chase & Co. began coverage on Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. Scotiabank reduced their target price on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. Finally, Royal Bank of Canada boosted their target price on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.40.

Colliers International Group Trading Down 0.2 %

Shares of NASDAQ:CIGI traded down $0.21 on Thursday, reaching $123.79. 82,096 shares of the company traded hands, compared to its average volume of 112,685. Colliers International Group has a 52 week low of $101.01 and a 52 week high of $156.96. 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 business’s 50-day simple moving average is $131.84 and its 200 day simple moving average is $141.27. The stock has a market capitalization of $6.10 billion, a P/E ratio of 38.81 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results 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%. As a group, equities analysts anticipate that Colliers International Group will post 6.2 EPS for the current fiscal year.

Institutional Trading of Colliers International Group

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Colliers International Group by 6.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 24,776 shares of the financial services provider’s stock valued at $3,368,000 after acquiring an additional 1,444 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Colliers International Group by 9.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 128,275 shares of the financial services provider’s stock valued at $17,422,000 after purchasing an additional 10,667 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Colliers International Group in the 4th quarter worth approximately $222,000. Silvercrest Asset Management Group LLC increased its position in shares of Colliers International Group by 0.4% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider’s stock valued at $4,681,000 after purchasing an additional 151 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in Colliers International Group by 288.0% during the 4th quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider’s stock valued at $17,187,000 after buying an additional 93,864 shares during the period. 80.09% of the stock is currently owned by institutional investors.

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.