CBRE Group, Inc. (NYSE:CBRE) Receives $99.50 Consensus PT from Analysts

CBRE Group, Inc. (NYSE:CBRE) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $99.50.

Several equities research analysts have recently weighed in on CBRE shares. StockNews.com upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target on the stock. Raymond James increased their price target on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Finally, Evercore ISI increased their price target on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd.

CBRE Group Price Performance

NYSE:CBRE opened at $87.01 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $26.71 billion, a P/E ratio of 27.45 and a beta of 1.42. CBRE Group has a 12 month low of $64.63 and a 12 month high of $98.65. The business’s 50-day moving average is $92.25 and its 200 day moving average is $85.20.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the prior year, the business posted $1.33 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that CBRE Group will post 4.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock valued at $3,675,752 over the last quarter. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of CBRE Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC bought a new stake in CBRE Group during the 4th quarter valued at $45,000. Cary Street Partners Investment Advisory LLC boosted its position in CBRE Group by 190.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 326 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in CBRE Group during the 4th quarter valued at $48,000. Planned Solutions Inc. bought a new stake in CBRE Group during the 4th quarter valued at $52,000. Finally, Headinvest LLC bought a new stake in CBRE Group during the 3rd quarter valued at $44,000. 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.