CBRE Group, Inc. (NYSE:CBRE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of CBRE Group, Inc. (NYSE:CBRE) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $112.33.

Several brokerages recently issued reports on CBRE. Raymond James raised their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. UBS Group dropped their price target on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $100.00 to $123.00 in a research note on Friday, July 26th. Finally, Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th.

CBRE Group Stock Down 1.1 %

NYSE:CBRE opened at $118.17 on Wednesday. CBRE Group has a 1-year low of $64.63 and a 1-year high of $120.79. The company has a market capitalization of $36.26 billion, a PE ratio of 36.81 and a beta of 1.40. The firm’s 50-day moving average price is $109.30 and its 200-day moving average price is $96.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 earnings per share. On average, equities analysts predict that CBRE Group will post 4.81 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the transaction, the director now owns 51,244 shares in the company, valued at $5,739,328. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the sale, the director now directly owns 51,244 shares in the company, valued at $5,739,328. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Lindsey S. Caplan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $109.87, for a total value of $219,740.00. Following the transaction, the chief accounting officer now directly owns 16,606 shares in the company, valued at approximately $1,824,501.22. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock valued at $3,058,787 in the last 90 days. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

Several institutional investors have recently made changes to their positions in CBRE. Benjamin F. Edwards & Company Inc. boosted its position in shares of CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after buying an additional 215 shares during the period. Crewe Advisors LLC bought a new stake in CBRE Group during the 1st quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its position in 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. EdgeRock Capital LLC bought a new position in CBRE Group in the 2nd quarter worth about $75,000. Finally, Spartan Planning & Wealth Management bought a new stake in shares of CBRE Group during the fourth quarter valued at approximately $78,000. Institutional investors own 98.41% of the company’s stock.

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.