CBRE Group, Inc. (NYSE:CBRE) Given Average Recommendation of “Moderate Buy” by Brokerages

CBRE Group, Inc. (NYSE:CBRE) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $149.89.

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Evercore ISI reduced their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in CBRE Group in the 4th quarter worth approximately $514,609,000. FMR LLC raised its holdings in shares of CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after purchasing an additional 3,498,244 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of CBRE Group by 290.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after purchasing an additional 3,011,566 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new position in CBRE Group in the 4th quarter worth $190,695,000. Finally, Manning & Napier Advisors LLC bought a new position in CBRE Group in the 4th quarter worth $175,978,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Down 0.1 %

Shares of CBRE Group stock opened at $125.81 on Wednesday. CBRE Group has a twelve month low of $84.24 and a twelve month high of $147.75. The stock has a market cap of $37.75 billion, a price-to-earnings ratio of 40.07 and a beta of 1.42. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $137.72 and a 200 day moving average price of $131.09.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities research analysts forecast that CBRE Group will post 5.99 earnings per share for the current fiscal year.

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.