CBRE Group, Inc. (NYSE:CBRE – Get Free Report) has earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $133.33.
A number of analysts have commented on the stock. Evercore ISI upped their price target on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Finally, Citigroup increased their price target 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.
Read Our Latest Stock Report on CBRE
Insider Buying and Selling
Institutional Investors Weigh In On CBRE Group
A number of institutional investors and hedge funds have recently made changes to their positions in CBRE. Atomi Financial Group Inc. purchased a new stake in shares of CBRE Group during the 2nd quarter valued at $215,000. HB Wealth Management LLC lifted its position in CBRE Group by 36.9% in the second quarter. HB Wealth Management LLC now owns 5,167 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 1,392 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CBRE Group by 7.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,525 shares of the financial services provider’s stock valued at $8,334,000 after purchasing an additional 6,415 shares during the period. UMB Bank n.a. increased its position in shares of CBRE Group by 9.5% in the second quarter. UMB Bank n.a. now owns 3,121 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 271 shares during the period. Finally, Signaturefd LLC boosted its holdings in CBRE Group by 10.8% in the second quarter. Signaturefd LLC now owns 4,729 shares of the financial services provider’s stock valued at $421,000 after acquiring an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.
CBRE Group Stock Up 0.8 %
Shares of NYSE CBRE opened at $131.29 on Friday. The stock’s fifty day moving average is $133.83 and its 200 day moving average is $117.76. The stock has a market capitalization of $40.18 billion, a P/E ratio of 42.22 and a beta of 1.39. CBRE Group has a 52 week low of $82.75 and a 52 week high of $142.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.
CBRE Group (NYSE:CBRE – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the business earned $0.72 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Sell-side analysts forecast that CBRE Group will post 4.99 earnings per share for the current fiscal 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.
Further Reading
- Five stocks we like better than CBRE Group
- Profitably Trade Stocks at 52-Week Highs
- 3 Stocks Helping to Bring AI to Healthcare
- Insider Buying Explained: What Investors Need to Know
- 3 Stocks Ringing in The New Year With Large Buyback Announcements
- Roth IRA Calculator: Calculate Your Potential Returns
- Why 2024 Was Great for Stocks—and Why 2025 Could Be Even Better
Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.