CBRE Group, Inc. (NYSE:CBRE) Receives $149.33 Consensus Target Price from Analysts

Shares of CBRE Group, Inc. (NYSE:CBRE) have earned an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $149.89.

Several equities analysts recently weighed in on the company. Morgan Stanley raised their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their price target on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Evercore ISI dropped their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Citigroup raised 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. Finally, Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th.

Institutional Investors Weigh In On CBRE Group

Hedge funds have recently made changes to their positions in the business. Algert Global LLC acquired a new stake in shares of CBRE Group during the third quarter worth $1,829,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of CBRE Group during the fourth quarter worth $1,518,000. Merit Financial Group LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth $256,000. Fulton Bank N.A. boosted its holdings in shares of CBRE Group by 342.0% during the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock worth $3,262,000 after purchasing an additional 19,227 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in shares of CBRE Group by 17,304.5% during the third quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 3,807 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

NYSE CBRE opened at $135.72 on Friday. CBRE Group has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a market capitalization of $40.72 billion, a P/E ratio of 43.22 and a beta of 1.39. The business has a 50 day moving average price of $136.53 and a 200 day moving average price of $128.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Sell-side analysts expect that CBRE Group will post 5.99 EPS 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.