Evercore ISI Cuts CBRE Group (NYSE:CBRE) Price Target to $141.00

CBRE Group (NYSE:CBRE) had its price objective cut by Evercore ISI from $147.00 to $141.00 in a report published on Monday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

CBRE has been the subject of several other research reports. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group started coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Finally, Citigroup increased their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $139.33.

CBRE Group Stock Down 0.1 %

CBRE Group stock opened at $123.57 on Monday. The company has a market capitalization of $37.81 billion, a PE ratio of 39.73 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group has a fifty-two week low of $82.75 and a fifty-two week high of $142.00. The firm has a 50 day moving average price of $133.51 and a 200 day moving average price of $120.30.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. Research analysts expect that CBRE Group will post 4.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CBRE Group

Large investors have recently bought and sold shares of the stock. Canton Hathaway LLC purchased a new stake in shares of CBRE Group in the 3rd quarter valued at about $27,000. American National Bank & Trust purchased a new stake in CBRE Group in the third quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group in the third quarter valued at approximately $32,000. Wolff Wiese Magana LLC grew its position in shares of CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 283 shares during the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at $40,000. Institutional investors and hedge funds 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.