Zacks Investment Research upgraded shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a sell rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

According to Zacks, “FIRSTSERVICE CP is a leader in the rapidly growing service sector providing property and business services to commercial and residential customers in the following areas: residential property management; integrated security systems; consumer services; and, customer support and fulfillment and business process outsourcing. FirstService’s operations are divided into two divisions: Property Services and Business Services “

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets dropped their price target on shares of Colliers International Group from $75.00 to $70.00 and set an outperform rating on the stock in a research report on Wednesday, April 29th. reiterated a sell rating on shares of Colliers International Group in a research report on Wednesday, June 10th. Raymond James set a $75.00 price target on shares of Colliers International Group and gave the stock an outperform rating in a research report on Wednesday, April 29th. Royal Bank of Canada dropped their price target on shares of Colliers International Group from $94.00 to $80.00 and set an outperform rating on the stock in a research report on Tuesday, May 5th. Finally, TheStreet cut shares of Colliers International Group from a b rating to a c+ rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $81.75.

CIGI stock opened at $57.30 on Tuesday. The company has a market capitalization of $2.27 billion, a P/E ratio of 21.62 and a beta of 1.65. The company has a 50-day simple moving average of $55.36 and a 200 day simple moving average of $65.71. Colliers International Group has a fifty-two week low of $33.93 and a fifty-two week high of $92.07. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.37. The business had revenue of $630.60 million during the quarter, compared to the consensus estimate of $659.68 million. Colliers International Group had a net margin of 3.49% and a return on equity of 22.33%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. Equities analysts anticipate that Colliers International Group will post 1.16 EPS for the current year.

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 13th. Investors of record on Tuesday, June 30th will be paid a $0.05 dividend. The ex-dividend date is Monday, June 29th. This represents a dividend yield of 0.2%. Colliers International Group’s payout ratio is 3.89%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citigroup Inc. grew its stake in shares of Colliers International Group by 119.0% in the 4th quarter. Citigroup Inc. now owns 1,178 shares of the financial services provider’s stock valued at $92,000 after buying an additional 640 shares in the last quarter. USA Financial Portformulas Corp bought a new stake in Colliers International Group during the first quarter worth approximately $80,000. Quantbot Technologies LP bought a new stake in Colliers International Group during the fourth quarter worth approximately $176,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Colliers International Group by 32.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,981 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 728 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in Colliers International Group by 19.6% during the fourth quarter. Cubist Systematic Strategies LLC now owns 3,587 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 589 shares during the period. 70.64% of the stock is owned by institutional investors and hedge funds.

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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