CBRE Group (NYSE:CBRE) Price Target Raised to $192.00

CBRE Group (NYSE:CBRE) had its target price hoisted by Keefe, Bruyette & Woods from $185.00 to $192.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities research analysts also recently commented on the stock. Morgan Stanley upped their target price on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. UBS Group upped their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Barclays started coverage on CBRE Group in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 price objective on the stock. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $181.86.

CBRE Group Stock Performance

CBRE stock opened at $165.39 on Thursday. CBRE Group has a twelve month low of $108.45 and a twelve month high of $171.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. The company has a market cap of $49.22 billion, a P/E ratio of 40.84 and a beta of 1.34. The business’s fifty day moving average is $158.86 and its 200-day moving average is $155.93.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The business had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The firm’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities research analysts forecast that CBRE Group will post 5.99 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. KBC Group NV grew its position in shares of CBRE Group by 4.4% in the second quarter. KBC Group NV now owns 248,956 shares of the financial services provider’s stock valued at $34,883,000 after purchasing an additional 10,438 shares during the last quarter. Choreo LLC boosted its stake in CBRE Group by 42.0% in the 2nd quarter. Choreo LLC now owns 10,129 shares of the financial services provider’s stock valued at $1,419,000 after purchasing an additional 2,995 shares during the period. Balyasny Asset Management L.P. grew its holdings in CBRE Group by 57.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 829,150 shares of the financial services provider’s stock valued at $116,180,000 after buying an additional 301,980 shares in the last quarter. CW Advisors LLC bought a new position in CBRE Group during the 2nd quarter worth $985,000. Finally, Intech Investment Management LLC increased its position in CBRE Group by 154.6% during the 2nd quarter. Intech Investment Management LLC now owns 330,617 shares of the financial services provider’s stock worth $46,326,000 after buying an additional 200,772 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.