CBRE Group (NYSE:CBRE – Get Rating) had its price objective decreased by investment analysts at Raymond James from $126.00 to $111.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Raymond James’ target price indicates a potential upside of 31.11% from the stock’s current price.
Several other equities research analysts also recently commented on the company. Wolfe Research dropped their target price on CBRE Group from $171.00 to $116.00 and set an “outperform” rating on the stock in a report on Thursday, March 10th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research report on Tuesday, April 5th. They set a “buy” rating and a $111.00 price target for the company. Finally, StockNews.com initiated coverage on shares of CBRE Group in a report on Thursday, March 31st. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $108.60.
Shares of NYSE:CBRE opened at $84.66 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 1.20. CBRE Group has a 52-week low of $79.84 and a 52-week high of $111.00. The firm has a market capitalization of $27.99 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.28 and a beta of 1.37. The stock has a 50 day moving average price of $90.78 and a 200-day moving average price of $98.55.
CBRE Group (NYSE:CBRE – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The financial services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.42. CBRE Group had a net margin of 6.62% and a return on equity of 24.38%. The company had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $8.16 billion. During the same period last year, the company posted $1.45 EPS. CBRE Group’s revenue was up 23.7% on a year-over-year basis. On average, equities analysts forecast that CBRE Group will post 6.15 EPS for the current fiscal year.
In other news, insider Emma E. Giamartino sold 271 shares of the stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $99.68, for a total transaction of $27,013.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Laurence H. Midler sold 2,558 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $99.73, for a total transaction of $255,109.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,381 shares of company stock valued at $4,209,073. 0.75% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. boosted its holdings in CBRE Group by 7.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 3,027,551 shares of the financial services provider’s stock valued at $277,080,000 after purchasing an additional 200,512 shares in the last quarter. Ieq Capital LLC raised its holdings in shares of CBRE Group by 18.8% in the first quarter. Ieq Capital LLC now owns 5,518 shares of the financial services provider’s stock worth $505,000 after acquiring an additional 874 shares during the last quarter. Bailard Inc. lifted its holdings in CBRE Group by 49.4% in the 1st quarter. Bailard Inc. now owns 5,577 shares of the financial services provider’s stock valued at $510,000 after purchasing an additional 1,843 shares in the last quarter. Hudson Capital Management LLC grew its stake in CBRE Group by 6.0% in the 1st quarter. Hudson Capital Management LLC now owns 25,606 shares of the financial services provider’s stock worth $2,343,000 after acquiring an additional 1,455 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of CBRE Group by 393.1% in the first quarter. Cerity Partners LLC now owns 11,104 shares of the financial services provider’s stock worth $1,016,000 after acquiring an additional 8,852 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.
CBRE Group Company Profile (Get Rating)
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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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