CBRE Group, Inc. (NYSE:CBRE) Receives $149.33 Average PT from Analysts

CBRE Group, Inc. (NYSE:CBRE) has been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $149.89.

A number of analysts have issued reports on the stock. Evercore ISI reduced their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Morgan Stanley lifted their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $120.00 to $163.00 in a research note on Monday, December 16th.

Hedge Funds Weigh In On CBRE Group

A number of large investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after purchasing an additional 692,697 shares during the period. Geode Capital Management LLC boosted its stake in shares of CBRE Group by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider’s stock worth $1,035,229,000 after purchasing an additional 245,821 shares during the period. Principal Financial Group Inc. boosted its stake in shares of CBRE Group by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock worth $998,039,000 after purchasing an additional 177,119 shares during the period. FMR LLC boosted its stake in shares of CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after purchasing an additional 3,498,244 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of CBRE Group by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider’s stock worth $763,909,000 after purchasing an additional 49,732 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Down 0.1 %

Shares of CBRE stock opened at $143.62 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company has a market capitalization of $43.95 billion, a price-to-earnings ratio of 45.74 and a beta of 1.39. The company’s fifty day moving average price is $136.37 and its 200-day moving average price is $128.26. CBRE Group has a one year low of $84.24 and a one year high of $147.75.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Sell-side analysts expect that CBRE Group will post 6 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.