Colliers International Group (NASDAQ:CIGI) Sets New 52-Week Low – Time to Sell?

Shares of Colliers International Group Inc. (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) reached a new 52-week low on Wednesday. The company traded as low as $86.56 and last traded at $85.9810, with a volume of 11348 shares traded. The stock had previously closed at $87.61.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CIGI. Weiss Ratings raised shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Scotia cut their price target on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 31st. National Bank Financial upped their price objective on Colliers International Group from $109.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Scotiabank dropped their price objective on Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Finally, BMO Capital Markets restated an “outperform” rating on shares of Colliers International Group in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.62.

Read Our Latest Report on CIGI

Colliers International Group Price Performance

The firm has a market capitalization of $4.36 billion, a PE ratio of 40.70 and a beta of 1.23. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61. The company has a fifty day moving average price of $97.60 and a two-hundred day moving average price of $99.44.

Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.79 by $0.04. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.48 billion. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%.The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 earnings per share. Sell-side analysts forecast that Colliers International Group Inc. will post 6.92 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont purchased a new stake in shares of Colliers International Group in the second quarter valued at about $36,000. Global Retirement Partners LLC acquired a new stake in Colliers International Group during the 2nd quarter worth approximately $44,000. Tacita Capital Inc acquired a new stake in Colliers International Group during the 2nd quarter worth approximately $67,000. Nykredit A S purchased a new position in shares of Colliers International Group in the 2nd quarter valued at approximately $84,000. Finally, Callan Family Office LLC purchased a new position in shares of Colliers International Group in the 2nd quarter valued at approximately $228,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Company Profile

(Get Free Report)

Colliers International Group Inc is a global professional services and investment management company focused on commercial real estate and related infrastructure markets. Through its operating businesses, the company provides real estate advisory and brokerage services, valuation and consulting, corporate solutions, property management, project management, and engineering services.

Colliers also manages investments for institutional and private clients through its investment management business.

Recommended Stories

Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.