CBRE Group (NYSE:CBRE) Price Target Cut to $95.00 by Analysts at UBS Group

CBRE Group (NYSE:CBRE) had its price objective reduced by UBS Group from $100.00 to $95.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on the stock. StockNews.com downgraded shares of CBRE Group from a buy rating to a hold rating in a research report on Wednesday, May 1st. Evercore ISI lifted their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an in-line rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group began coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a hold rating and a $107.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CBRE Group has an average rating of Hold and a consensus target price of $101.17.

CBRE Group Trading Up 0.3 %

NYSE:CBRE opened at $87.36 on Wednesday. CBRE Group has a 12 month low of $64.63 and a 12 month high of $98.65. The firm has a fifty day simple moving average of $87.95 and a 200-day simple moving average of $89.47. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $26.80 billion, a P/E ratio of 27.21 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that CBRE Group will post 4.5 earnings per share for the current year.

Institutional Trading of CBRE Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Crewe Advisors LLC purchased a new stake in shares of CBRE Group during the first quarter worth about $30,000. Headinvest LLC acquired a new position in CBRE Group during the third quarter worth about $44,000. Turtle Creek Wealth Advisors LLC acquired a new position in CBRE Group during the fourth quarter worth about $45,000. Bruce G. Allen Investments LLC acquired a new position in CBRE Group during the fourth quarter worth about $48,000. Finally, Planned Solutions Inc. acquired a new position in CBRE Group during the fourth quarter worth about $52,000. Hedge funds and other 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.