CBRE Group, Inc. (NYSE:CBRE) Receives Average Recommendation of “Buy” from Brokerages

CBRE Group, Inc. (NYSE:CBRE) has been assigned an average recommendation of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $145.44.

A number of research firms have weighed in on CBRE. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Evercore ISI reduced their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $163.00 in a report on Monday, December 16th.

Insiders Place Their Bets

In other 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 transaction of $238,382.10. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On CBRE Group

A number of institutional investors and hedge funds have recently bought and sold shares of CBRE. Canton Hathaway LLC acquired a new position in shares of CBRE Group in the third quarter valued at approximately $27,000. American National Bank & Trust acquired a new stake in shares of CBRE Group during the third quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of CBRE Group in the third quarter valued at $32,000. Wolff Wiese Magana LLC raised its stake in CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares during the period. Finally, Asset Dedication LLC acquired a new stake in CBRE Group during the 3rd quarter worth approximately $40,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Up 1.7 %

CBRE stock opened at $137.02 on Tuesday. CBRE Group has a 52 week low of $82.75 and a 52 week high of $142.00. 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 50-day simple moving average of $133.43 and a 200-day simple moving average of $121.56. The stock has a market capitalization of $41.93 billion, a P/E ratio of 44.06 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts forecast that CBRE Group will post 4.99 earnings per share for the current fiscal year.

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.