CBRE Group (NYSE:CBRE) Price Target Raised to $145.00

CBRE Group (NYSE:CBRE) had its price objective hoisted by Keefe, Bruyette & Woods from $142.00 to $145.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

CBRE has been the topic of a number of other research reports. The Goldman Sachs Group started coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Evercore ISI lowered their price target 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. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Citigroup upped their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.33.

CBRE Group Stock Performance

CBRE opened at $143.89 on Friday. CBRE Group has a 52-week low of $84.24 and a 52-week high of $147.75. The firm has a market capitalization of $44.03 billion, a PE ratio of 46.27 and a beta of 1.39. 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 business’s 50-day simple moving average is $136.08 and its 200 day simple moving average is $127.70.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that CBRE Group will post 4.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CBRE Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. DoubleLine ETF Adviser LP lifted its stake in CBRE Group by 0.9% during the fourth quarter. DoubleLine ETF Adviser LP now owns 21,903 shares of the financial services provider’s stock worth $2,876,000 after purchasing an additional 202 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of CBRE Group by 4.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 5,911 shares of the financial services provider’s stock valued at $776,000 after acquiring an additional 264 shares in the last quarter. Comerica Bank boosted its holdings in shares of CBRE Group by 11.1% during the 4th quarter. Comerica Bank now owns 93,645 shares of the financial services provider’s stock valued at $12,295,000 after acquiring an additional 9,372 shares in the last quarter. Adelante Capital Management LLC lifted its holdings in CBRE Group by 30.0% during the 4th quarter. Adelante Capital Management LLC now owns 45,309 shares of the financial services provider’s stock worth $5,949,000 after buying an additional 10,468 shares during the period. Finally, Untitled Investments LP acquired a new position in CBRE Group during the 4th quarter worth about $13,434,000. 98.41% of the stock is currently owned by institutional investors.

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.