CBRE Group, Inc. (NYSE:CBRE) Receives $101.17 Consensus Target Price from Analysts

Shares of CBRE Group, Inc. (NYSE:CBRE) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $101.17.

A number of research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Evercore ISI upped 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. Finally, UBS Group lowered their target price 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.

CBRE Group Stock Up 0.5 %

CBRE Group stock opened at $88.77 on Friday. The firm has a fifty day moving average price of $88.01 and a two-hundred day moving average price of $89.36. The firm has a market cap of $27.24 billion, a price-to-earnings ratio of 27.65 and a beta of 1.40. 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 fifty-two week low of $64.63 and a fifty-two week high of $98.65.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. As a group, analysts forecast that CBRE Group will post 4.5 earnings per share for the current year.

Institutional Trading of CBRE Group

Large investors have recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in CBRE Group during the first quarter worth about $30,000. Headinvest LLC bought a new stake in CBRE Group during the third quarter worth about $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in CBRE Group during the fourth quarter worth about $45,000. Bruce G. Allen Investments LLC bought a new stake in CBRE Group during the fourth quarter worth about $48,000. Finally, Planned Solutions Inc. bought a new stake in CBRE Group during the fourth quarter worth about $52,000. 98.41% of the stock is owned by institutional investors.

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.