CBRE Group's (CBRE) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• CBRE Group's stock has been reaffirmed with a "Buy (B-)" rating by Weiss Ratings, while multiple brokerages have also adjusted their price targets upwards.
• The company's recent earnings report showed a positive performance, with an EPS of $1.19, exceeding analyst expectations, along with a revenue of $9.75 billion.
• Overall, CBRE Group has a consensus target price of $166.33, with eight analysts rating it as a Buy and two as Hold.

CBRE Group (NYSE:CBRE - Get Free Report)'s stock had its "buy (b-)" rating reissued by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently issued reports on CBRE. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. UBS Group raised their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price objective on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley raised their price objective on CBRE Group from $170.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $166.33.

CBRE Group Price Performance

Shares of CBRE traded down $1.03 during trading hours on Wednesday, reaching $151.66. 1,345,351 shares of the company's stock traded hands, compared to its average volume of 1,457,562. The stock has a market cap of $45.13 billion, a PE ratio of 42.48 and a beta of 1.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm's 50 day simple moving average is $159.56 and its 200-day simple moving average is $140.46. CBRE Group has a 12 month low of $108.45 and a 12 month high of $167.56.

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

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chief accounting officer owned 26,717 shares in the company, valued at $4,151,020.29. This represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,494 shares of company stock valued at $857,593. Company insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On CBRE Group

Hedge funds have recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in CBRE Group in the first quarter worth $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of CBRE Group during the second quarter valued at $30,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group during the first quarter valued at $28,000. Evelyn Partners Asset Management Ltd bought a new position in shares of CBRE Group during the second quarter valued at $32,000. Finally, NewSquare Capital LLC lifted its holdings in shares of CBRE Group by 40.7% during the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 68 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

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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