CBRE Group, Inc. (NYSE:CBRE) Receives $101.17 Average PT from Brokerages

Shares of CBRE Group, Inc. (NYSE:CBRE) have been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $101.17.

Several research firms recently issued reports on CBRE. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target for the company. Evercore ISI increased their target price on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, UBS Group dropped their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd.

CBRE Group Price Performance

CBRE stock opened at $93.12 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50-day moving average is $88.21 and its 200-day moving average is $89.39. The stock has a market capitalization of $28.57 billion, a PE ratio of 29.01 and a beta of 1.40. CBRE Group has a 1 year low of $64.63 and a 1 year high of $98.65.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The business had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that CBRE Group will post 4.5 EPS for the current fiscal year.

Institutional Trading of CBRE Group

Hedge funds have recently made changes to their positions in the company. Crewe Advisors LLC bought a new stake in CBRE Group in the 1st quarter valued at about $30,000. Headinvest LLC bought a new stake in shares of CBRE Group in the third quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CBRE Group during the 4th quarter valued at approximately $45,000. Bruce G. Allen Investments LLC bought a new position in CBRE Group in the 4th quarter worth approximately $48,000. Finally, Planned Solutions Inc. bought a new stake in CBRE Group during the 4th quarter valued at $52,000. 98.41% of the stock is currently owned by 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.