CBRE Group, Inc. (NYSE:CBRE) Receives $145.44 Consensus Target Price from Analysts

CBRE Group, Inc. (NYSE:CBRE) has received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $148.56.

Several brokerages have recently issued reports on CBRE. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $155.00 to $152.00 in a report on Friday. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. The Goldman Sachs Group started coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Finally, Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd.

CBRE Group Stock Up 0.1 %

Shares of NYSE CBRE opened at $141.23 on Tuesday. The firm’s 50-day moving average is $134.08 and its 200-day moving average is $122.90. CBRE Group has a 1 year low of $82.75 and a 1 year high of $142.00. The firm has a market capitalization of $43.22 billion, a PE ratio of 45.41 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the business earned $0.72 earnings per share. The company’s revenue was up 14.8% compared to the same quarter last year. Equities analysts expect that CBRE Group will post 4.99 EPS for the current year.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional Trading of CBRE Group

Hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of CBRE Group by 28.6% in the second quarter. American Century Companies Inc. now owns 59,809 shares of the financial services provider’s stock valued at $5,330,000 after acquiring an additional 13,284 shares in the last quarter. Federated Hermes Inc. increased its stake in CBRE Group by 110.7% during the 2nd quarter. Federated Hermes Inc. now owns 8,879 shares of the financial services provider’s stock worth $791,000 after acquiring an additional 4,665 shares during the period. Seven Eight Capital LP acquired a new position in CBRE Group in the 2nd quarter valued at $380,000. Brighton Jones LLC lifted its position in shares of CBRE Group by 4.6% during the 2nd quarter. Brighton Jones LLC now owns 3,422 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 150 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.