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

Key Points

• CBRE Group, Inc. has received a consensus recommendation of "Moderate Buy" from nine brokerages, with two analysts rating the stock as a hold and seven as a buy.
• The average one-year price target among analysts for CBRE Group is $165.22, with JPMorgan Chase setting a target of $185.00 and UBS adjusting theirs to $146.00.
• In the latest quarterly earnings report, CBRE Group exceeded expectations by reporting $1.19 earnings per share against a consensus estimate of $1.05.

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $165.2222.

A number of analysts recently commented on the company. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. UBS Group raised their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. upped their target price on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Raymond James Financial lifted their price target on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods increased their target price on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th.

CBRE Group Trading Up 1.1%

CBRE opened at $157.99 on Friday. CBRE Group has a fifty-two week low of $108.45 and a fifty-two week high of $167.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The company's 50-day moving average is $158.40 and its 200 day moving average is $139.00. The firm has a market capitalization of $47.01 billion, a PE ratio of 44.25 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The business had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts predict that CBRE Group will post 5.99 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the transaction, the chief executive officer directly owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,494 shares of company stock valued at $857,593. Insiders own 0.42% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of CBRE Group in the 1st quarter worth about $26,000. Hughes Financial Services LLC bought a new position in CBRE Group during the 1st quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of CBRE Group in the 2nd quarter worth $30,000. Golden State Wealth Management LLC increased its position in shares of CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 213 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd bought a new position in CBRE Group in the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 98.41% of the company's stock.

About CBRE Group

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.

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