CBRE Group (NYSE:CBRE) Rating Increased to Overweight at Morgan Stanley

CBRE Group (NYSE:CBREGet Free Report) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a $160.00 price target on the financial services provider’s stock, up from their prior price target of $115.00. Morgan Stanley’s price objective suggests a potential upside of 28.18% from the company’s current price.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group began coverage on shares of 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 boosted their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Citigroup increased their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.44.

Check Out Our Latest Stock Report on CBRE

CBRE Group Trading Up 1.0 %

Shares of NYSE CBRE opened at $124.82 on Wednesday. CBRE Group has a fifty-two week low of $82.75 and a fifty-two week high of $142.00. The firm has a market capitalization of $38.20 billion, a P/E ratio of 40.14 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50 day simple moving average is $133.32 and its 200 day simple moving average is $120.55.

CBRE Group (NYSE:CBREGet Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, analysts predict that CBRE Group will post 4.99 EPS for the current year.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The stock was 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 in the company, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of CBRE Group

Several institutional investors have recently made changes to their positions in the company. Canton Hathaway LLC bought a new stake in CBRE Group in the 3rd quarter worth about $27,000. American National Bank & Trust purchased a new stake in shares of CBRE Group during the third quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. lifted its holdings in CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the period. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the third quarter worth $32,000. Finally, Wolff Wiese Magana LLC grew its stake in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Company Profile

(Get Free Report)

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.

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