CBRE Group, Inc. (NYSE:CBRE) Receives $149.89 Average PT from Analysts

Shares of CBRE Group, Inc. (NYSE:CBRE) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently 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 target price among brokerages that have covered the stock in the last year is $149.89.

CBRE has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. The Goldman Sachs Group began coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Keefe, Bruyette & Woods raised their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $155.00 to $152.00 in a report on Friday, January 24th.

CBRE Group Stock Down 1.9 %

Shares of CBRE opened at $126.28 on Wednesday. The stock has a 50 day moving average price of $137.24 and a 200 day moving average price of $131.46. CBRE Group has a one year low of $84.24 and a one year high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The stock has a market capitalization of $37.89 billion, a price-to-earnings ratio of 40.22 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Equities research analysts forecast that CBRE Group will post 5.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by insiders.

Institutional Trading of CBRE Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC purchased a new position in shares of CBRE Group during the third quarter worth $1,829,000. Hudson Valley Investment Advisors Inc. ADV acquired a new position in CBRE Group during the 4th quarter worth about $1,518,000. Merit Financial Group LLC purchased a new position in CBRE Group during the 4th quarter valued at about $256,000. Fulton Bank N.A. grew its position in CBRE Group by 342.0% in the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after acquiring an additional 19,227 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its stake in CBRE Group by 17,304.5% during the third quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 3,807 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Company Profile

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.