CBRE Group (NYSE:CBRE)‘s stock had its “outperform” rating reissued by equities research analysts at William Blair in a research report issued on Wednesday. William Blair also issued estimates for CBRE Group’s Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.81 EPS, FY2019 earnings at $3.52 EPS, Q1 2020 earnings at $0.66 EPS, Q2 2020 earnings at $0.83 EPS, Q3 2020 earnings at $0.87 EPS, Q4 2020 earnings at $1.40 EPS and FY2020 earnings at $3.77 EPS.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Bank of America dropped their price objective on shares of CBRE Group from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. CBRE Group currently has an average rating of “Buy” and a consensus price target of $53.80.

Shares of NYSE CBRE opened at $49.48 on Wednesday. The firm has a market cap of $16.78 billion, a P/E ratio of 15.09, a P/E/G ratio of 1.33 and a beta of 1.69. CBRE Group has a 12-month low of $37.45 and a 12-month high of $50.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.16 and a current ratio of 1.01.

CBRE Group (NYSE:CBRE) last issued its earnings results on Wednesday, February 13th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.08. The business had revenue of $6.29 billion for the quarter, compared to analyst estimates of $5.96 billion. CBRE Group had a net margin of 4.98% and a return on equity of 23.93%. CBRE Group’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. Equities research analysts predict that CBRE Group will post 3.38 earnings per share for the current fiscal year.

In other news, Director Gerardo I. Lopez bought 5,000 shares of the stock in a transaction dated Tuesday, December 4th. The stock was bought at an average price of $42.41 per share, for a total transaction of $212,050.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. raised its holdings in shares of CBRE Group by 52.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 605,489 shares of the financial services provider’s stock valued at $24,244,000 after purchasing an additional 209,401 shares during the last quarter. Harris Associates L P increased its holdings in CBRE Group by 7.5% during the fourth quarter. Harris Associates L P now owns 14,433,299 shares of the financial services provider’s stock worth $577,909,000 after buying an additional 1,005,359 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC increased its holdings in CBRE Group by 39.2% during the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 14,642 shares of the financial services provider’s stock worth $586,000 after buying an additional 4,122 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in CBRE Group during the fourth quarter worth about $340,000. Finally, RWC Asset Management LLP increased its holdings in CBRE Group by 9.6% during the fourth quarter. RWC Asset Management LLP now owns 868,253 shares of the financial services provider’s stock worth $34,765,000 after buying an additional 76,365 shares during the last quarter. Institutional investors own 94.34% of the company’s stock.

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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