CBRE Group (NYSE:CBRE) PT Raised to $110.00 at Keefe, Bruyette & Woods

CBRE Group (NYSE:CBRE) had its target price upped by Keefe, Bruyette & Woods from $100.00 to $110.00 in a report issued on Thursday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They set a hold rating and a $107.00 target price for the company. Evercore ISI boosted their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an in-line rating in a research note on Tuesday, April 2nd. StockNews.com cut shares of CBRE Group from a buy rating to a hold rating in a research note on Wednesday, May 1st. Finally, UBS Group dropped their price objective on shares of CBRE Group from $100.00 to $95.00 and set a neutral rating for the company in a research note on Wednesday, July 3rd. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $108.86.

CBRE Group Stock Performance

CBRE opened at $107.36 on Thursday. The firm’s fifty day simple moving average is $90.20 and its two-hundred day simple moving average is $89.87. CBRE Group has a 52-week low of $64.63 and a 52-week high of $110.55. The company has a market cap of $32.94 billion, a price-to-earnings ratio of 33.45 and a beta of 1.40. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 earnings per share. Equities analysts anticipate that CBRE Group will post 4.48 earnings per share 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 purchased a new stake in shares of CBRE Group in the 1st quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CBRE Group in the 4th quarter valued at approximately $45,000. Planned Solutions Inc. purchased a new stake in shares of CBRE Group in the 4th quarter valued at approximately $52,000. EverSource Wealth Advisors LLC grew its stake in shares of CBRE Group by 44.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock valued at $52,000 after buying an additional 165 shares during the period. Finally, EdgeRock Capital LLC purchased a new stake in shares of CBRE Group in the 4th quarter valued at approximately $59,000. Hedge funds and other institutional investors 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.