Analysts Set CBRE Group, Inc. (NYSE:CBRE) Price Target at $99.50

CBRE Group, Inc. (NYSE:CBRE) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $99.50.

A number of research analysts have recently weighed in on the company. Evercore ISI lifted their price objective on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group began coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective on the stock.

Institutional Investors Weigh In On CBRE Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Crewe Advisors LLC purchased a new position in CBRE Group during the first quarter valued at $30,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of CBRE Group during the fourth quarter valued at about $45,000. Cary Street Partners Investment Advisory LLC grew its position in shares of CBRE Group by 190.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 326 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of CBRE Group in the fourth quarter worth about $48,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of CBRE Group by 44.8% in the first quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock worth $52,000 after buying an additional 165 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 2.4 %

Shares of CBRE stock opened at $86.90 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. CBRE Group has a 12 month low of $64.63 and a 12 month high of $98.65. The stock has a market cap of $26.66 billion, a P/E ratio of 27.07 and a beta of 1.41. The company has a 50 day simple moving average of $88.01 and a two-hundred day simple moving average of $89.06.

CBRE Group (NYSE:CBRE) last announced its earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. CBRE Group’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. On average, research analysts expect that CBRE Group will post 4.5 earnings per share for the current year.

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.