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

CBRE Group, Inc. (NYSE:CBREGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $99.50.

Several research firms recently commented on CBRE. Evercore ISI boosted their price target on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group began coverage on shares of CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods raised their target price on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th.

View Our Latest Report on CBRE

Hedge Funds Weigh In On CBRE Group

A number of large investors have recently bought and sold shares of CBRE. Crewe Advisors LLC acquired a new position in shares of CBRE Group during the first quarter worth approximately $30,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of CBRE Group by 190.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 326 shares in the last quarter. Headinvest LLC acquired a new position in shares of CBRE Group during the third quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CBRE Group in the fourth quarter worth approximately $45,000. Finally, Bruce G. Allen Investments LLC bought a new position in CBRE Group during the 4th quarter valued at $48,000. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

CBRE Group stock opened at $85.63 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. CBRE Group has a 12 month low of $64.63 and a 12 month high of $98.65. The company has a market cap of $26.27 billion, a price-to-earnings ratio of 26.68 and a beta of 1.41. The stock’s 50-day moving average is $88.75 and its 200-day moving average is $88.75.

CBRE Group (NYSE:CBREGet Free Report) last announced its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The firm had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same period in the previous year, the company posted $0.92 earnings per share. CBRE Group’s revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that CBRE Group will post 4.5 earnings per share for the current year.

About CBRE Group

(Get Free Report

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.

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Analyst Recommendations for CBRE Group (NYSE:CBRE)

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