Colliers International Group (NASDAQ:CIGI) Lowered to Strong Sell Rating by Zacks Research

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

Several other equities analysts have also commented on CIGI. Stifel Nicolaus lowered 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. 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. Raymond James Financial cut their price objective on shares of Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Tuesday. Finally, Royal Bank Of Canada decreased their target price on shares of Colliers International Group from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $168.89.

Colliers International Group Trading Down 0.8%

CIGI opened at $114.13 on Thursday. The stock has a market cap of $5.68 billion, a PE ratio of 56.78 and a beta of 1.40. 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 business has a 50 day moving average of $139.42 and a 200-day moving average of $150.24. Colliers International Group has a 52 week low of $98.97 and a 52 week high of $171.51.

Institutional Investors Weigh In On Colliers International Group

A number of institutional investors have recently made changes to their positions in CIGI. Caitong International Asset Management Co. Ltd bought a new stake in shares of Colliers International Group during the third quarter valued at approximately $26,000. Arax Advisory Partners increased its holdings in shares of Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 126 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Colliers International Group in the 4th quarter worth $32,000. JPMorgan Chase & Co. purchased a new position in shares of Colliers International Group in the second quarter worth $39,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Colliers International Group by 26.3% during the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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.