CBRE Group (NYSE:CBRE) Coverage Initiated at Morgan Stanley

Morgan Stanley initiated coverage on shares of CBRE Group (NYSE:CBRE) in a report released on Thursday morning, Marketbeat Ratings reports. The firm issued an equal weight rating and a $105.00 target price on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on CBRE. StockNews.com cut shares of CBRE Group from a buy rating to a hold rating in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $100.00 to $110.00 and gave the company a market perform rating in a research report on Thursday. 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 target price for the company. Evercore ISI upped their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the stock an in-line rating in a research report on Tuesday, April 2nd. Finally, UBS Group cut their price objective on shares of CBRE Group from $100.00 to $95.00 and set a neutral rating for the company in a research report on Wednesday, July 3rd. Five 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’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $108.86.

CBRE Group Price Performance

NYSE:CBRE opened at $110.55 on Thursday. CBRE Group has a one year low of $64.63 and a one year high of $112.21. The company has a market cap of $33.92 billion, a P/E ratio of 34.44 and a beta of 1.40. The firm’s fifty day moving average price is $90.59 and its two-hundred day moving average price is $90.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.15.

CBRE Group (NYSE:CBRE) last announced its earnings results 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%. CBRE Group’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 earnings per share. Equities analysts expect that CBRE Group will post 4.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mather Group LLC. lifted its holdings in shares of CBRE Group by 8.7% in the second quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 138 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of CBRE Group by 18.1% in the second quarter. First Horizon Advisors Inc. now owns 941 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 144 shares during the last quarter. Humankind Investments LLC lifted its holdings in shares of CBRE Group by 5.3% in the fourth quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 146 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of CBRE Group by 0.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock worth $3,955,000 after acquiring an additional 149 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of CBRE Group by 18.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,023 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 156 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Company Profile

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.