CBRE Group Inc (CBRE) Given Average Recommendation of “Buy” by Brokerages

Shares of CBRE Group Inc (NYSE:CBRE) have received an average recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment 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 price target among brokers that have issued ratings on the stock in the last year is $52.21.

Several equities research analysts recently commented on the company. Zacks Investment Research cut CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Barclays increased their price target on CBRE Group from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, August 30th. ValuEngine cut CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Bank of America cut their price target on CBRE Group from $54.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 2nd.

In other news, CEO William F. Concannon sold 28,878 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $47.47, for a total transaction of $1,370,838.66. Following the completion of the transaction, the chief executive officer now directly owns 204,631 shares in the company, valued at $9,713,833.57. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.88% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CBRE. Whittier Trust Co. of Nevada Inc. purchased a new position in CBRE Group in the third quarter valued at $103,000. Quadrant Capital Group LLC acquired a new stake in CBRE Group in the third quarter valued at $128,000. Hanson & Doremus Investment Management acquired a new stake in CBRE Group in the third quarter valued at $155,000. SRS Capital Advisors Inc. acquired a new stake in CBRE Group in the third quarter valued at $156,000. Finally, Advisory Services Network LLC acquired a new stake in CBRE Group in the third quarter valued at $162,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Shares of NYSE:CBRE traded down $0.50 during midday trading on Friday, hitting $43.11. The company had a trading volume of 109,236 shares, compared to its average volume of 2,402,447. CBRE Group has a twelve month low of $38.05 and a twelve month high of $50.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.06. The stock has a market cap of $14.55 billion, a PE ratio of 15.88, a P/E/G ratio of 1.03 and a beta of 1.76.

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