CBRE Group (NYSE:CBRE) Lowered to Outperform Rating by Raymond James

CBRE Group (NYSE:CBRE) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $152.00 price objective on the financial services provider’s stock, down from their previous price objective of $155.00. Raymond James’ price target points to a potential upside of 7.63% from the company’s current price.

CBRE has been the subject of several other research reports. Citigroup raised their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and upped their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Evercore ISI decreased their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group started coverage on CBRE Group in a research note on Friday, December 6th. They issued 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.56.

CBRE Group Stock Performance

NYSE CBRE opened at $141.23 on Friday. The company has a market capitalization of $43.22 billion, a price-to-earnings ratio of 45.41 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group has a twelve month low of $82.75 and a twelve month high of $142.00. The stock has a fifty day simple moving average of $134.08 and a 200 day simple moving average of $122.90.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. Sell-side analysts expect that CBRE Group will post 4.99 EPS for the current year.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Canton Hathaway LLC bought a new stake in shares of CBRE Group during the third quarter worth about $27,000. American National Bank & Trust acquired a new position in CBRE Group during the 3rd quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. increased its holdings in CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of CBRE Group in the third quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

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.