Morgan Stanley Issues Positive Forecast for CBRE Group (NYSE:CBRE) Stock Price

CBRE Group (NYSE:CBRE) had its target price lifted by Morgan Stanley from $170.00 to $180.00 in a report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other brokerages also recently issued reports on CBRE. JPMorgan Chase & Co. lifted their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research report on Saturday, September 27th. Evercore ISI lifted their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Finally, Raymond James Financial lifted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $166.33.

CBRE Group Stock Down 0.7%

Shares of CBRE Group stock opened at $152.52 on Tuesday. The firm’s 50 day moving average price is $159.68 and its 200-day moving average price is $140.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group has a 52-week low of $108.45 and a 52-week high of $167.56. The company has a market cap of $45.38 billion, a P/E ratio of 42.72 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts predict that CBRE Group will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the sale, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the sale, the chief accounting officer owned 26,717 shares of the company’s stock, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,494 shares of company stock worth $857,593 in the last three months. Corporate insiders own 0.42% of the company’s stock.

Institutional Trading of CBRE Group

Institutional investors and hedge funds have recently bought and sold shares of the business. WPG Advisers LLC acquired a new stake in CBRE Group during the 1st quarter valued at approximately $26,000. Hughes Financial Services LLC acquired a new stake in CBRE Group during the 1st quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in CBRE Group during the 2nd quarter valued at approximately $30,000. Golden State Wealth Management LLC lifted its stake in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 213 shares during the period. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in CBRE Group during the 2nd quarter valued at approximately $32,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

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.