CBRE Group, Inc. (NYSE:CBRE) Receives Average Rating of “Buy” from Analysts

Shares of CBRE Group, Inc. (NYSE:CBRE – Get Rating) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $111.60.

A number of research firms have recently commented on CBRE. Raymond James lifted their price target on shares of CBRE Group from $124.00 to $126.00 and gave the company an “outperform” rating in a research report on Friday, February 25th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Tuesday, April 5th. They set a “buy” rating and a $111.00 target price for the company. Wolfe Research decreased their price target on shares of CBRE Group from $171.00 to $116.00 and set an “outperform” rating on the stock in a research report on Thursday, March 10th. Finally, StockNews.com started coverage on shares of CBRE Group in a research note on Thursday, March 31st. They issued a “buy” rating for the company.

In other news, insider Emma E. Giamartino sold 271 shares of CBRE Group stock in a transaction that occurred on Friday, February 18th. The shares were sold at an average price of $99.68, for a total value of $27,013.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Laurence H. Midler sold 2,558 shares of CBRE Group stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $99.73, for a total transaction of $255,109.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,381 shares of company stock valued at $4,209,073. Corporate insiders own 0.75% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Amplius Wealth Advisors LLC acquired a new stake in CBRE Group during the 4th quarter worth $28,000. Koshinski Asset Management Inc. acquired a new stake in CBRE Group during the 3rd quarter worth $31,000. SouthState Corp acquired a new stake in CBRE Group during the 3rd quarter worth $34,000. Trustcore Financial Services LLC acquired a new stake in CBRE Group during the 3rd quarter worth $36,000. Finally, CVA Family Office LLC acquired a new stake in CBRE Group during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Shares of NYSE:CBRE traded down $0.70 during trading on Tuesday, reaching $85.93. The stock had a trading volume of 1,747,735 shares, compared to its average volume of 1,755,638. CBRE Group has a 52 week low of $78.86 and a 52 week high of $111.00. The firm has a market capitalization of $28.41 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.28 and a beta of 1.37. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $93.71 and a two-hundred day simple moving average of $99.32.

CBRE Group (NYSE:CBRE – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The financial services provider reported $2.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.42. CBRE Group had a net margin of 6.62% and a return on equity of 24.38%. The company had revenue of $8.55 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, analysts forecast that CBRE Group will post 6.15 EPS for the current year.

CBRE Group Company Profile (Get Rating)

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

See Also