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

CBRE Group, Inc. (NYSE:CBRE) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $101.17.

Several brokerages have recently issued reports on CBRE. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price on the stock. Evercore ISI upped their price objective 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. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, UBS Group dropped their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday.

Institutional Trading of CBRE Group

Hedge funds have recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in shares of CBRE Group in the 1st quarter valued at approximately $30,000. Headinvest LLC acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $45,000. Bruce G. Allen Investments LLC acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $48,000. Finally, Planned Solutions Inc. acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 0.4 %

Shares of NYSE CBRE opened at $87.39 on Friday. The company’s 50-day simple moving average is $87.96 and its 200-day simple moving average is $89.46. CBRE Group has a 52-week low of $64.63 and a 52-week high of $98.65. The firm has a market cap of $26.81 billion, a price-to-earnings ratio of 27.22 and a beta of 1.40. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last announced its earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $7.94 billion. During the same quarter last year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts predict that CBRE Group will post 4.5 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.