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

StockNews.com lowered shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

A number of other equities research analysts have also weighed in on the company. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised their price objective 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. Scotiabank lowered their price objective on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. began coverage on Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on Colliers International Group in a report on Friday, December 6th. They set a “neutral” rating and a $170.00 target price on the stock. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.63.

Colliers International Group Price Performance

CIGI stock opened at $127.82 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 1 year low of $101.01 and a 1 year high of $156.96. The firm has a market cap of $6.47 billion, a P/E ratio of 40.07 and a beta of 1.49. The stock has a 50-day simple moving average of $135.49 and a 200-day simple moving average of $143.09.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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%. On average, equities analysts predict that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.15 dividend. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is 9.40%.

Institutional Trading of Colliers International Group

Several hedge funds have recently made changes to their positions in the stock. Durable Capital Partners LP lifted its holdings in shares of Colliers International Group by 4.0% in the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider’s stock worth $359,549,000 after purchasing an additional 102,586 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Colliers International Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock worth $253,867,000 after purchasing an additional 21,422 shares during the last quarter. FIL Ltd lifted its holdings in shares of Colliers International Group by 116.5% in the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock worth $210,449,000 after purchasing an additional 832,583 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Colliers International Group by 100.8% in the 3rd 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 last quarter. Finally, Alberta Investment Management Corp lifted its holdings in shares of Colliers International Group by 3.4% in the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock worth $85,143,000 after purchasing an additional 20,794 shares during the last quarter. Institutional investors 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.