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

CBRE Group, Inc. (NYSE:CBRE) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $149.33.

Several equities research analysts recently weighed in on CBRE shares. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. The Goldman Sachs Group began coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th.

Institutional Trading of CBRE Group

A number of institutional investors have recently bought and sold shares of CBRE. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group during the 4th quarter worth $25,000. Canton Hathaway LLC acquired a new position in CBRE Group during the third quarter worth about $27,000. Denver PWM LLC purchased a new stake in shares of CBRE Group in the fourth quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group in the third quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC increased its stake in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Up 0.5 %

NYSE CBRE opened at $143.89 on Friday. CBRE Group has a one year low of $84.24 and a one year high of $147.75. The firm has a market cap of $44.03 billion, a PE ratio of 46.27 and a beta of 1.39. The firm’s fifty day moving average is $135.96 and its two-hundred day moving average is $127.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. Analysts expect that CBRE Group will post 4.99 earnings per share for the current 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.