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

Shares of CBRE Group, Inc. (NYSE:CBRE) have earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $149.33.

CBRE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday. Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Finally, Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd.

CBRE Group Stock Performance

NYSE:CBRE opened at $143.89 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $44.03 billion, a PE ratio of 46.27 and a beta of 1.39. The firm has a 50 day simple moving average of $135.96 and a 200-day simple moving average of $127.36. CBRE Group has a 1-year low of $84.24 and a 1-year high of $147.75.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. On average, equities analysts expect that CBRE Group will post 4.99 EPS for the current year.

Hedge Funds Weigh In On CBRE Group

A number of institutional investors and hedge funds have recently bought and sold shares of CBRE. Exchange Traded Concepts LLC increased its position in shares of CBRE Group by 680.0% during the third quarter. Exchange Traded Concepts LLC now owns 624 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 544 shares during the last quarter. Creative Planning increased its holdings in CBRE Group by 5.9% during the 3rd quarter. Creative Planning now owns 37,804 shares of the financial services provider’s stock worth $4,706,000 after purchasing an additional 2,092 shares during the last quarter. Asset Dedication LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at approximately $40,000. Wolff Wiese Magana LLC boosted its stake in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after buying an additional 283 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its position in shares of CBRE Group by 6.9% during the third quarter. Bleakley Financial Group LLC now owns 4,845 shares of the financial services provider’s stock worth $603,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

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.