CBRE Group (NYSE:CBRE) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of CBRE Group (NYSE:CBRE – Get Rating) in a report released on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.

CBRE has been the topic of a number of other reports. Raymond James decreased their price target on CBRE Group from $105.00 to $101.00 and set a strong-buy rating on the stock in a research report on Friday, January 20th. Citigroup initiated coverage on CBRE Group in a report on Friday, January 27th. They set a buy rating and a $100.00 price objective on the stock. Keefe, Bruyette & Woods downgraded CBRE Group from an outperform rating to a market perform rating and set a $88.00 price objective on the stock. in a report on Thursday, January 26th. Finally, JPMorgan Chase & Co. upped their price objective on CBRE Group from $80.00 to $89.00 and gave the stock a neutral rating in a report on Friday, March 3rd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $92.43.

CBRE Group Stock Down 2.2 %

NYSE CBRE opened at $73.87 on Thursday. The firm has a market cap of $22.89 billion, a PE ratio of 17.30 and a beta of 1.38. CBRE Group has a one year low of $66.31 and a one year high of $94.21. The stock’s 50 day simple moving average is $84.26 and its 200 day simple moving average is $77.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03.

CBRE Group (NYSE:CBRE – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The financial services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. The business had revenue of $8.19 billion for the quarter, compared to analyst estimates of $7.97 billion. CBRE Group had a return on equity of 21.07% and a net margin of 4.57%. CBRE Group’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.19 EPS. As a group, sell-side analysts forecast that CBRE Group will post 5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Guardian Wealth Advisors LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at $27,000. CI Investments Inc. lifted its stake in shares of CBRE Group by 976.9% in the 3rd quarter. CI Investments Inc. now owns 420 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 381 shares during the period. Private Trust Co. NA acquired a new position in shares of CBRE Group in the 2nd quarter valued at $31,000. SeaCrest Wealth Management LLC acquired a new position in shares of CBRE Group in the 2nd quarter valued at $32,000. Finally, Edge Capital Group LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

CBRE Group Company Profile

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CBRE Group, Inc engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services.