CBRE Group, Inc. (NYSE:CBRE) Receives $149.89 Consensus Price Target from Brokerages

Shares of CBRE Group, Inc. (NYSE:CBRE) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $149.89.

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Citigroup upped their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Morgan Stanley increased their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th.

CBRE Group Trading Up 3.1 %

Shares of CBRE stock opened at $125.53 on Wednesday. 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 has a 1 year low of $84.24 and a 1 year high of $147.75. The firm has a fifty day moving average price of $137.35 and a 200-day moving average price of $131.06. The company has a market cap of $37.66 billion, a price-to-earnings ratio of 39.98 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, equities analysts predict that CBRE Group will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CBRE Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ acquired a new stake in CBRE Group during the 4th quarter worth approximately $13,277,000. Siemens Fonds Invest GmbH increased its position in CBRE Group by 3,995.0% during the 4th quarter. Siemens Fonds Invest GmbH now owns 165,766 shares of the financial services provider’s stock worth $21,677,000 after purchasing an additional 161,718 shares in the last quarter. Cim LLC acquired a new stake in CBRE Group during the 4th quarter worth approximately $224,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in CBRE Group during the 4th quarter worth approximately $34,232,000. Finally, Jefferies Financial Group Inc. increased its position in CBRE Group by 3.3% during the 4th quarter. Jefferies Financial Group Inc. now owns 19,092 shares of the financial services provider’s stock worth $2,507,000 after purchasing an additional 605 shares in the last quarter. 98.41% of the stock is 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.