CBRE Group (NYSE:CBRE) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

CBRE Group (NYSE:CBRE) had its price target upped by equities research analysts at Keefe, Bruyette & Woods from $185.00 to $192.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 14.48% from the company’s previous close.

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

CBRE Group Trading Up 0.8%

NYSE:CBRE traded up $1.39 during trading hours on Thursday, reaching $167.72. The company’s stock had a trading volume of 71,048 shares, compared to its average volume of 1,011,718. The firm has a market capitalization of $49.91 billion, a price-to-earnings ratio of 41.45 and a beta of 1.34. The firm has a 50-day simple moving average of $158.35 and a 200-day simple moving average of $155.56. CBRE Group has a 1 year low of $108.45 and a 1 year high of $171.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13.

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

Institutional Investors Weigh In On CBRE Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Wedmont Private Capital increased its position in shares of CBRE Group by 2.4% during the fourth quarter. Wedmont Private Capital now owns 4,538 shares of the financial services provider’s stock valued at $755,000 after buying an additional 106 shares during the period. Everpar Advisors LLC lifted its holdings in CBRE Group by 43.2% in the fourth quarter. Everpar Advisors LLC now owns 2,143 shares of the financial services provider’s stock worth $345,000 after buying an additional 646 shares during the period. Aventura Private Wealth LLC bought a new stake in CBRE Group during the 4th quarter valued at approximately $67,000. Gilbert & Cook Inc. grew its holdings in shares of CBRE Group by 8.4% during the 4th quarter. Gilbert & Cook Inc. now owns 6,880 shares of the financial services provider’s stock worth $1,106,000 after acquiring an additional 535 shares during the period. Finally, Sagespring Wealth Partners LLC grew its holdings in shares of CBRE Group by 5.2% during the 4th quarter. Sagespring Wealth Partners LLC now owns 4,895 shares of the financial services provider’s stock worth $787,000 after acquiring an additional 244 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

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.