Brokerages Set CBRE Group, Inc. (NYSE:CBRE) PT at $149.33

Shares of CBRE Group, Inc. (NYSE:CBRE) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $149.89.

A number of analysts recently issued reports on the company. Evercore ISI decreased their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Citigroup upped their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Morgan Stanley upped their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods upped their target price on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $135.72 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The firm has a market capitalization of $40.72 billion, a PE ratio of 43.22 and a beta of 1.39. The stock’s 50-day simple moving average is $136.53 and its 200-day simple moving average is $128.46.

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

Hedge Funds Weigh In On CBRE Group

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new position in shares of CBRE Group during the 4th quarter worth approximately $25,000. Canton Hathaway LLC purchased a new position in shares of CBRE Group during the 3rd quarter worth approximately $27,000. Investment Management Corp VA ADV purchased a new position in shares of CBRE Group during the 4th quarter worth approximately $28,000. Denver PWM LLC purchased a new position in shares of CBRE Group during the 4th quarter worth approximately $29,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of CBRE Group during the 3rd quarter worth approximately $32,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

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.