CBRE Group, Inc. (NYSE:CBRE) Given Consensus Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of CBRE Group, Inc. (NYSE:CBRE – Get Free Report) have earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $133.33.

Several analysts recently issued reports on CBRE shares. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Citigroup raised their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. Evercore ISI increased their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, 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 note on Tuesday, October 29th.

View Our Latest Research Report on CBRE Group

CBRE Group Trading Up 0.8 %

Shares of NYSE:CBRE opened at $131.29 on Friday. CBRE Group has a 1 year low of $82.75 and a 1 year high of $142.00. 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 stock’s fifty day moving average price is $133.83 and its 200-day moving average price is $117.76. The company has a market cap of $40.18 billion, a P/E ratio of 42.22 and a beta of 1.39.

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

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On CBRE Group

A number of large investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after buying an additional 3,498,244 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in CBRE Group by 60.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock worth $329,320,000 after purchasing an additional 993,963 shares during the period. State Street Corp raised its stake in shares of CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after buying an additional 692,697 shares during the period. Eminence Capital LP raised its position in CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after acquiring an additional 453,406 shares during the period. Finally, Maverick Capital Ltd. acquired a new stake in CBRE Group in the 2nd quarter worth about $36,820,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

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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