Colliers International Group (NASDAQ:CIGI) Downgraded by Wall Street Zen to “Hold”

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other equities research analysts have also recently weighed in on CIGI. National Bankshares upped their price objective on shares of Colliers International Group from $181.00 to $185.00 in a report on Monday, December 15th. Stifel Nicolaus lifted their target price on shares of Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. Finally, CIBC upped their price target on Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $176.70.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $147.21 on Friday. The company’s fifty day moving average price is $145.36 and its 200-day moving average price is $151.41. The stock has a market cap of $7.33 billion, a PE ratio of 64.28 and a beta of 1.40. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Colliers International Group has a 12 month low of $100.86 and a 12 month high of $171.51.

Institutional Investors Weigh In On Colliers International Group

A number of hedge funds have recently added to or reduced their stakes in CIGI. The Manufacturers Life Insurance Company lifted its holdings in shares of Colliers International Group by 21.3% in the second quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock worth $117,619,000 after buying an additional 158,668 shares in the last quarter. Ceredex Value Advisors LLC increased its holdings in Colliers International Group by 2.9% in the 2nd quarter. Ceredex Value Advisors LLC now owns 84,045 shares of the financial services provider’s stock valued at $10,971,000 after acquiring an additional 2,350 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in Colliers International Group by 7.8% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 128,766 shares of the financial services provider’s stock worth $16,809,000 after purchasing an additional 9,357 shares in the last quarter. Argent Capital Management LLC lifted its stake in Colliers International Group by 9.0% in the 2nd quarter. Argent Capital Management LLC now owns 45,208 shares of the financial services provider’s stock worth $5,901,000 after purchasing an additional 3,717 shares in the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in shares of Colliers International Group by 1.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 129,280 shares of the financial services provider’s stock valued at $16,881,000 after purchasing an additional 1,756 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.