CBRE Group (NYSE:CBRE) Given New $165.00 Price Target at Morgan Stanley

CBRE Group (NYSE:CBRE) had its price target upped by Morgan Stanley from $160.00 to $165.00 in a research note released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the company. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. The Goldman Sachs Group started coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. Finally, Citigroup raised their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Price Performance

NYSE CBRE opened at $143.62 on Wednesday. The company has a market cap of $43.95 billion, a PE ratio of 45.74 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $136.37 and its two-hundred day simple moving average is $128.26. CBRE Group has a 52 week low of $84.24 and a 52 week high of $147.75.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Research analysts predict that CBRE Group will post 6 earnings per share for the current year.

Institutional Investors Weigh In On CBRE Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CBRE. SBI Securities Co. Ltd. bought a new position in CBRE Group during the 4th quarter valued at approximately $25,000. Canton Hathaway LLC bought a new position in shares of CBRE Group during the third quarter valued at $27,000. Investment Management Corp VA ADV purchased a new position in shares of CBRE Group in the 4th quarter worth about $28,000. Denver PWM LLC bought a new position in CBRE Group in the 4th quarter worth about $29,000. Finally, Ashton Thomas Securities LLC purchased a new stake in CBRE Group during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

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.