CBRE Group (NYSE:CBRE) Given New $141.00 Price Target at Evercore ISI

CBRE Group (NYSE:CBRE) had its price objective reduced by Evercore ISI from $147.00 to $141.00 in a research report released on Monday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Citigroup increased their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group initiated coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.33.

CBRE Group Stock Down 0.1 %

CBRE Group stock opened at $123.57 on Monday. The business’s 50-day moving average price is $133.51 and its 200 day moving average price is $120.30. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market cap of $37.81 billion, a price-to-earnings ratio of 39.73 and a beta of 1.39. CBRE Group has a 52 week low of $82.75 and a 52 week high of $142.00.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the company earned $0.72 EPS. The business’s revenue was up 14.8% on a year-over-year basis. As a group, sell-side analysts anticipate that CBRE Group will post 4.99 earnings per share for the current year.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Lindbrook Capital LLC boosted its holdings in CBRE Group by 4.7% in the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 79 shares during the last quarter. Stephens Inc. AR raised its position in shares of CBRE Group by 3.1% during the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after buying an additional 80 shares during the period. Fidelis Capital Partners LLC lifted its holdings in CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 82 shares during the last quarter. Private Advisor Group LLC grew its position in CBRE Group by 1.2% in the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after acquiring an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas increased its stake in CBRE Group by 0.6% during the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock worth $1,902,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

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.