Colliers International Group (NASDAQ:CIGI) Shares Down 4.7% – Should You Sell?

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI)’s share price was down 4.7% during mid-day trading on Tuesday . The company traded as low as $111.71 and last traded at $112.3450. Approximately 83,703 shares traded hands during trading, a decline of 79% from the average daily volume of 389,656 shares. The stock had previously closed at $117.92.

Analyst Ratings Changes

Several research firms have recently weighed in on CIGI. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Raymond James Financial dropped their price objective on shares of Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating for the company in a research note on Tuesday, February 17th. Stifel Nicolaus decreased their target price on shares of Colliers International Group from $195.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. National Bank Financial lowered their target price on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Finally, Scotiabank dropped their price target on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $170.00.

Colliers International Group Stock Down 5.5%

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 55.57 and a beta of 1.41. The firm’s fifty day simple moving average is $132.69 and its two-hundred day simple moving average is $146.77.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CIGI. Caitong International Asset Management Co. Ltd purchased a new position in Colliers International Group in the third quarter worth approximately $26,000. Arax Advisory Partners raised its holdings in Colliers International Group by 137.0% in 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 acquired a new position in Colliers International Group in the fourth quarter valued at about $32,000. JPMorgan Chase & Co. purchased a new position in Colliers International Group during the second quarter worth about $39,000. Finally, EverSource Wealth Advisors LLC boosted its stake in 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 worth $40,000 after buying an additional 63 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

About Colliers International Group

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.