Zacks Research Downgrades Colliers International Group (NASDAQ:CIGI) to Strong Sell

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

CIGI has been the subject of a number of other reports. Wall Street Zen lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Stifel Nicolaus reduced their price objective on Colliers International Group from $195.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday. Raymond James Financial lowered their target price on Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Tuesday. National Bank Financial cut their price target on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Colliers International Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.89.

Colliers International Group Stock Down 0.8%

CIGI opened at $114.13 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average price of $139.42 and a 200-day moving average price of $150.24. Colliers International Group has a twelve month low of $98.97 and a twelve month high of $171.51. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 56.78 and a beta of 1.40.

Institutional Trading of Colliers International Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Colliers International Group in the third quarter worth about $26,000. Arax Advisory Partners raised its holdings in Colliers International Group by 137.0% during the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after buying an additional 126 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Colliers International Group in the fourth quarter valued at $32,000. JPMorgan Chase & Co. purchased a new stake in Colliers International Group in the 2nd quarter worth about $39,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Colliers International Group by 26.3% in the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after buying an additional 63 shares during the period. 80.09% of the stock is currently owned by 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.