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

CBRE Group, Inc. (NYSE:CBRE) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $110.29.

A number of research analysts have recently commented on CBRE shares. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective on the stock. Raymond James increased their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $100.00 to $123.00 in a report on Friday, July 26th.

CBRE Group Stock Down 3.4 %

CBRE stock opened at $106.61 on Tuesday. The firm has a market capitalization of $32.71 billion, a P/E ratio of 33.39 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. The company’s 50 day simple moving average is $92.84 and its 200-day simple moving average is $91.01. CBRE Group has a 52-week low of $64.63 and a 52-week high of $114.51.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 EPS. As a group, equities research analysts anticipate that CBRE Group will post 4.84 EPS for the current year.

Insider Buying and Selling

In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $109.87, for a total transaction of $219,740.00. Following the completion of the sale, the chief accounting officer now directly owns 16,606 shares in the company, valued at approximately $1,824,501.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CBRE Group

Large investors have recently made changes to their positions in the company. Raymond James & Associates lifted its holdings in CBRE Group by 2.4% in the 4th quarter. Raymond James & Associates now owns 246,418 shares of the financial services provider’s stock worth $22,939,000 after purchasing an additional 5,874 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in CBRE Group by 32.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 56,319 shares of the financial services provider’s stock worth $5,243,000 after purchasing an additional 13,853 shares in the last quarter. Fifth Third Bancorp lifted its holdings in CBRE Group by 2.0% in the 4th quarter. Fifth Third Bancorp now owns 68,071 shares of the financial services provider’s stock worth $6,337,000 after purchasing an additional 1,364 shares in the last quarter. Osborne Partners Capital Management LLC raised its holdings in shares of CBRE Group by 7.3% during the 4th quarter. Osborne Partners Capital Management LLC now owns 61,337 shares of the financial services provider’s stock worth $5,710,000 after acquiring an additional 4,188 shares in the last quarter. Finally, Integrated Investment Consultants LLC purchased a new stake in shares of CBRE Group during the 4th quarter worth approximately $244,000. 98.41% of the stock is currently owned by institutional investors.

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.