Morgan Stanley Boosts CBRE Group (NYSE:CBRE) Price Target to $165.00

CBRE Group (NYSE:CBRE) had its price target raised by equities research analysts at Morgan Stanley from $160.00 to $165.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 16.35% from the stock’s current price.

Several other analysts have also issued reports on CBRE. Evercore ISI decreased their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Citigroup boosted their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group initiated coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Price Performance

NYSE CBRE opened at $141.81 on Wednesday. The stock has a 50-day simple moving average of $136.49 and a 200 day simple moving average of $128.37. CBRE Group has a twelve month low of $84.24 and a twelve month high of $147.75. The stock has a market capitalization of $42.55 billion, a PE ratio of 45.16 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Research analysts anticipate that CBRE Group will post 5.99 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group during the 4th quarter worth about $25,000. Canton Hathaway LLC bought a new stake in CBRE Group during the third quarter worth about $27,000. Investment Management Corp VA ADV bought a new stake in CBRE Group during the fourth quarter worth about $28,000. Denver PWM LLC bought a new position in shares of CBRE Group in the fourth quarter valued at approximately $29,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of CBRE Group in the third quarter valued at approximately $32,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

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.