CBRE Group, Inc. (NYSE:CBRE) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) has been given an average rating of "Moderate Buy" by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $149.22.

CBRE has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Morgan Stanley lowered their target price on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the transaction, the chief financial officer now owns 105,371 shares in the company, valued at approximately $13,603,396.10. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,396 shares of company stock valued at $685,649. Insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On CBRE Group

Several hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of CBRE Group during the fourth quarter valued at approximately $25,000. WPG Advisers LLC bought a new stake in shares of CBRE Group during the 1st quarter worth approximately $26,000. Investment Management Corp VA ADV purchased a new position in CBRE Group during the 4th quarter valued at $28,000. Hughes Financial Services LLC bought a new position in CBRE Group in the 1st quarter valued at $28,000. Finally, Denver PWM LLC bought a new position in CBRE Group in the 4th quarter valued at $29,000. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Performance

Shares of CBRE stock traded up $0.46 during mid-day trading on Monday, reaching $125.13. 160,985 shares of the company's stock traded hands, compared to its average volume of 1,923,986. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The firm has a market capitalization of $37.30 billion, a PE ratio of 39.84 and a beta of 1.30. CBRE Group has a 12 month low of $84.24 and a 12 month high of $147.75. The firm has a 50 day moving average price of $123.66 and a two-hundred day moving average price of $131.50.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. CBRE Group's revenue for the quarter was up 12.3% on a year-over-year basis. On average, research analysts forecast that CBRE Group will post 5.99 EPS for the current year.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis 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.