Analysts Set CBRE Group, Inc. (NYSE:CBRE) Target Price at $94.43

by · The Cerbat Gem

Shares of CBRE Group, Inc. (NYSE:CBRE – Get Free Report) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $95.33.

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Raymond James raised their target price on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. UBS Group decreased their price target on CBRE Group from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, November 22nd. Evercore ISI lowered shares of CBRE Group from an “outperform” rating to an “in-line” rating and raised their price target for the company from $79.00 to $96.00 in a research report on Wednesday, January 3rd. Finally, StockNews.com raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Monday, February 19th.

View Our Latest Analysis on CBRE

CBRE Group Price Performance

CBRE Group stock opened at $94.37 on Friday. The stock has a market capitalization of $28.85 billion, a price-to-earnings ratio of 29.77 and a beta of 1.42. CBRE Group has a 52-week low of $64.63 and a 52-week high of $96.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50 day moving average price is $88.37 and its two-hundred day moving average price is $82.18.

CBRE Group (NYSE:CBRE – Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.17. The firm had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 earnings per share. On average, equities analysts predict that CBRE Group will post 4.52 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the transaction, the chief executive officer now owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Humankind Investments LLC increased its position 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 valued at $270,000 after acquiring an additional 146 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of CBRE Group by 0.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock valued at $3,955,000 after buying an additional 149 shares during the period. Apollon Wealth Management LLC raised its holdings in shares of CBRE Group by 1.7% during the first quarter. Apollon Wealth Management LLC now owns 9,436 shares of the financial services provider’s stock valued at $687,000 after acquiring an additional 155 shares in the last quarter. CIBC Asset Management Inc lifted its stake in CBRE Group by 0.3% in the first quarter. CIBC Asset Management Inc now owns 46,601 shares of the financial services provider’s stock worth $3,393,000 after acquiring an additional 159 shares during the period. Finally, Schechter Investment Advisors LLC lifted its stake in CBRE Group by 6.4% in the third quarter. Schechter Investment Advisors LLC now owns 2,787 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 168 shares during the period. Institutional investors own 96.71% of the company’s stock.

About CBRE Group

(Get Free Report

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices; industrial and retail space; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, lease administration, accounting, and financial services 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.

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