CBRE Group, Inc. (NYSE:CBRE) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of CBRE Group, Inc. (NYSE:CBRE) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $133.33.

A number of research firms recently issued reports on CBRE. The Goldman Sachs Group started coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Evercore ISI raised their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th.

CBRE Group Price Performance

Shares of CBRE stock opened at $132.00 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $40.39 billion, a P/E ratio of 42.44 and a beta of 1.39. The business’s 50 day moving average price is $133.43 and its 200-day moving average price is $116.45. CBRE Group has a fifty-two week low of $82.75 and a fifty-two week high of $142.00.

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

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated 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 owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On CBRE Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Canton Hathaway LLC acquired a new position in shares of CBRE Group in the third quarter valued at approximately $27,000. American National Bank & Trust purchased a new position in CBRE Group during the 3rd quarter worth $28,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group during the 3rd quarter worth $32,000. Wolff Wiese Magana LLC lifted its stake in shares of CBRE Group by 2,830.0% in the 3rd 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 period. Finally, Asset Dedication LLC acquired a new position in shares of CBRE Group during the third quarter worth about $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.