Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, September 4th, ValuEngine reports.
A number of other research analysts also recently issued reports on CIGI. Zacks Investment Research downgraded Colliers International Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 5th. BMO Capital Markets set a $81.00 price target on Colliers International Group and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Raymond James set a $85.00 price target on Colliers International Group and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, BidaskClub upgraded Colliers International Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $78.33.
Shares of NASDAQ CIGI traded up $1.17 during midday trading on Wednesday, hitting $70.12. 1,620 shares of the company’s stock traded hands, compared to its average volume of 45,696. Colliers International Group has a 1 year low of $52.01 and a 1 year high of $80.35. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 28.57 and a beta of 1.59. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a fifty day moving average of $69.60 and a 200 day moving average of $67.80.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The business had revenue of $745.50 million for the quarter, compared to analysts’ expectations of $750.85 million. Colliers International Group had a net margin of 3.15% and a return on equity of 23.99%. Colliers International Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 EPS. On average, equities analysts anticipate that Colliers International Group will post 2.88 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Colliers International Group by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 111,342 shares of the financial services provider’s stock valued at $6,128,000 after buying an additional 6,806 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Colliers International Group in the first quarter worth $206,000. Signition LP purchased a new stake in Colliers International Group in the first quarter worth $240,000. Toronto Dominion Bank increased its stake in Colliers International Group by 40.7% in the first quarter. Toronto Dominion Bank now owns 20,040 shares of the financial services provider’s stock worth $1,339,000 after purchasing an additional 5,800 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Colliers International Group by 15.6% in the first quarter. CIBC Asset Management Inc now owns 478,787 shares of the financial services provider’s stock worth $31,983,000 after purchasing an additional 64,681 shares during the period. Hedge funds and other institutional investors own 71.52% of the company’s stock.
About Colliers International Group
Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.
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