CBRE Group Inc (CBRE) Receives $52.21 Average PT from Analysts

Shares of CBRE Group Inc (NYSE:CBRE) have received a consensus recommendation of “Buy” from the eleven analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $52.21.

Several research analysts have recently weighed in on CBRE shares. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Monday, August 6th. Bank of America lowered their price objective on CBRE Group from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Barclays lifted their price objective on CBRE Group from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, August 30th. Finally, ValuEngine cut CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBRE. Great Lakes Advisors LLC acquired a new position in CBRE Group during the third quarter worth about $604,000. Clearbridge Investments LLC acquired a new position in CBRE Group during the third quarter worth about $2,589,000. Vanguard Group Inc. acquired a new position in CBRE Group during the third quarter worth about $2,289,833,000. Morgan Stanley acquired a new position in CBRE Group during the third quarter worth about $26,149,000. Finally, Legal & General Group Plc acquired a new position in CBRE Group during the third quarter worth about $72,796,000. 94.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CBRE traded down $1.83 during mid-day trading on Thursday, reaching $42.43. The company had a trading volume of 54,890 shares, compared to its average volume of 1,604,107. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 1.16. CBRE Group has a one year low of $38.05 and a one year high of $50.43. The stock has a market capitalization of $14.89 billion, a P/E ratio of 15.66, a PEG ratio of 1.05 and a beta of 1.78.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. CBRE Group had a net margin of 4.32% and a return on equity of 23.45%. The firm had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.17 billion. The business’s revenue was up 13.4% on a year-over-year basis. Equities research analysts forecast that CBRE Group will post 3.2 earnings per share for the current year.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Analyst Recommendations for CBRE Group (NYSE:CBRE)

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