Colliers International Group (NASDAQ:CIGI) Reaches New 12-Month Low – Should You Sell?

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI)’s share price hit a new 52-week low on Thursday . The company traded as low as $98.94 and last traded at $99.3280, with a volume of 261951 shares. The stock had previously closed at $102.27.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CIGI. Raymond James Financial decreased 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 report on Tuesday, February 17th. Scotiabank cut their target price on shares of 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. Stifel Nicolaus set a $175.00 price target on shares of Colliers International Group in a report on Friday, March 13th. Zacks Research downgraded Colliers International Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada dropped their price objective on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.57.

Colliers International Group Stock Up 1.4%

The firm has a 50-day moving average price of $120.99 and a two-hundred day moving average price of $141.11. The company has a market capitalization of $4.97 billion, a P/E ratio of 49.68 and a beta of 1.40. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in shares of Colliers International Group by 2.1% in the fourth quarter. Invesco Ltd. now owns 245,824 shares of the financial services provider’s stock valued at $36,139,000 after buying an additional 4,969 shares during the period. NewEdge Advisors LLC acquired a new position in Colliers International Group in the 4th quarter valued at approximately $312,000. Empowered Funds LLC raised its holdings in Colliers International Group by 3.1% in the 4th quarter. Empowered Funds LLC now owns 22,469 shares of the financial services provider’s stock valued at $3,303,000 after acquiring an additional 669 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Colliers International Group by 85.5% in the 4th quarter. Toronto Dominion Bank now owns 31,625 shares of the financial services provider’s stock worth $4,649,000 after acquiring an additional 14,579 shares during the period. Finally, Investment Management Corp of Ontario lifted its position in shares of Colliers International Group by 229.2% in the 4th quarter. Investment Management Corp of Ontario now owns 5,435 shares of the financial services provider’s stock worth $799,000 after acquiring an additional 3,784 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

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.