Analysts Set CBRE Group, Inc. (NYSE:CBRE) PT at $99.50

CBRE Group, Inc. (NYSE:CBRE) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $99.50.

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Evercore ISI lifted their target price on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group began coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 16th.

CBRE Group Stock Performance

Shares of CBRE opened at $89.02 on Monday. The company has a 50-day moving average of $88.33 and a two-hundred day moving average of $88.87. The stock has a market cap of $27.31 billion, a price-to-earnings ratio of 27.73 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. CBRE Group has a one year low of $64.63 and a one year high of $98.65.

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

Institutional Trading of CBRE Group

Institutional investors and hedge funds have recently modified their holdings of the company. Crewe Advisors LLC acquired a new position in CBRE Group during the 1st quarter worth $30,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of CBRE Group by 190.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares during the last quarter. Headinvest LLC bought a new stake in CBRE Group during the 3rd quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CBRE Group in the 4th quarter valued at approximately $45,000. Finally, Bruce G. Allen Investments LLC bought a new position in CBRE Group in the 4th quarter worth approximately $48,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Company Profile

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.