CBRE Group, Inc. (NYSE:CBRE) Stock Has Average Price Target of $185.44

Shares of CBRE Group, Inc. (NYSE:CBRE) have received an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $182.78.

Several research analysts recently issued reports on CBRE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of CBRE Group in a research report on Friday, August 21st. Barclays increased their price objective on shares of CBRE Group from $180.00 to $183.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. The Goldman Sachs Group raised their price objective on shares of CBRE Group from $188.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Evercore dropped their target price on shares of CBRE Group from $175.00 to $166.00 and set an “outperform” rating for the company in a research note on Monday, September 28th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of CBRE Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, October 9th.

CBRE Group Price Performance

CBRE Group stock opened at $135.38 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $39.02 billion, a P/E ratio of 28.99 and a beta of 1.24. The business’s fifty day moving average is $135.04 and its two-hundred day moving average is $141.18. CBRE Group has a 52 week low of $121.44 and a 52 week high of $174.27.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.96 by $0.09. CBRE Group had a return on equity of 26.31% and a net margin of 3.08%. The company had revenue of $11.52 billion for the quarter, compared to analysts’ expectations of $11.81 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Equities research analysts forecast that CBRE Group will post 7.76 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In related news, CFO Emma Giamartino sold 2,250 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $333,652.50. Following the completion of the transaction, the chief financial officer owned 108,479 shares in the company, valued at $16,086,350.91. The trade was a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 228 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the transaction, the insider directly owned 41,778 shares in the company, valued at approximately $6,195,259.62. This represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CBRE Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Condor Capital Management grew its stake in shares of CBRE Group by 1.2% in the third quarter. Condor Capital Management now owns 14,658 shares of the financial services provider’s stock valued at $1,883,000 after acquiring an additional 176 shares in the last quarter. Wellington Grp LLC increased its position in CBRE Group by 63.7% during the third quarter. Wellington Grp LLC now owns 10,624 shares of the financial services provider’s stock worth $1,365,000 after acquiring an additional 4,133 shares during the period. Channel Wealth LLC raised its stake in CBRE Group by 422.7% in the 3rd quarter. Channel Wealth LLC now owns 14,689 shares of the financial services provider’s stock worth $1,887,000 after purchasing an additional 11,879 shares in the last quarter. Diversified Trust Co raised its stake in CBRE Group by 8.8% in the 3rd quarter. Diversified Trust Co now owns 2,292 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 186 shares in the last quarter. Finally, Aberdeen Group plc raised its stake in CBRE Group by 1.1% in the 3rd quarter. Aberdeen Group plc now owns 227,174 shares of the financial services provider’s stock worth $29,185,000 after purchasing an additional 2,445 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

About CBRE Group

CBRE Group, Inc is a commercial real estate services and investment company serving property owners, occupiers, investors and developers. Its services include property leasing and sales, property and facilities management, project management, valuation, consulting and commercial real estate financing.

The company also provides real estate investment management and development services. Through its global operations, CBRE serves clients across a range of property types and markets, including offices, industrial facilities, retail properties and data centers.

CBRE traces its roots to a real estate business established in San Francisco in 1906.