CBRE Group (NYSE:CBRE) Price Target Raised to $180.00

Key Points

• Morgan Stanley has raised its price target for CBRE Group from $170.00 to $180.00, indicating a potential upside of 17.41% from the stock's previous close.
• Eight analysts have rated CBRE Group with a Buy rating, and the company now has a consensus target price of $166.33.
• CBRE Group reported earnings of $1.19 per share for the last quarter, exceeding analyst estimates by $0.14, with revenue of $9.75 billion.

CBRE Group (NYSE:CBRE - Get Free Report) had its target price increased by research analysts at Morgan Stanley from $170.00 to $180.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Morgan Stanley's price objective would indicate a potential upside of 17.41% from the stock's previous close.

A number of other research analysts also recently commented on the stock. UBS Group raised their target price on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. JPMorgan Chase & Co. raised their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Weiss Ratings reissued a "buy (b-)" rating on shares of CBRE Group in a research report on Saturday, September 27th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $166.33.

CBRE Group Trading Down 0.1%

CBRE traded down $0.21 on Tuesday, reaching $153.31. 130,459 shares of the company traded hands, compared to its average volume of 1,757,428. CBRE Group has a one year low of $108.45 and a one year high of $167.56. The firm has a fifty day simple moving average of $159.79 and a two-hundred day simple moving average of $140.30. The company has a market cap of $45.62 billion, a P/E ratio of 42.87 and a beta of 1.36. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51.

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

Insider Transactions at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the transaction, the chief accounting officer owned 26,717 shares of the company's stock, valued at $4,151,020.29. The trade was a 5.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the sale, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,494 shares of company stock valued at $857,593 in the last 90 days. Insiders own 0.42% of the company's stock.

Institutional Trading of CBRE Group

Several large investors have recently bought and sold shares of CBRE. Brighton Jones LLC grew its position in CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after purchasing an additional 11,065 shares during the last quarter. Merit Financial Group LLC grew its position in CBRE Group by 82.5% during the 1st quarter. Merit Financial Group LLC now owns 3,559 shares of the financial services provider's stock worth $465,000 after purchasing an additional 1,609 shares during the last quarter. Gateway Investment Advisers LLC purchased a new stake in CBRE Group during the 1st quarter worth approximately $625,000. Wedmont Private Capital grew its position in CBRE Group by 7.6% during the 1st quarter. Wedmont Private Capital now owns 4,031 shares of the financial services provider's stock worth $527,000 after purchasing an additional 284 shares during the last quarter. Finally, OLD National Bancorp IN grew its position in CBRE Group by 29.4% during the 1st quarter. OLD National Bancorp IN now owns 2,270 shares of the financial services provider's stock worth $297,000 after purchasing an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

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.

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