CBRE Group (NYSE:CBRE - Free Report) had its price target boosted by Keefe, Bruyette & Woods from $142.00 to $145.00 in a research note released on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider's stock.
Other equities research analysts have also issued research reports about the stock. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Citigroup increased their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective on the stock. Finally, Morgan Stanley upgraded CBRE Group from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.33.
Check Out Our Latest Stock Report on CBRE Group
CBRE Group Stock Performance
Shares of NYSE CBRE traded down $0.06 during mid-day trading on Friday, hitting $143.67. The company had a trading volume of 1,750,634 shares, compared to its average volume of 1,871,243. CBRE Group has a 12 month low of $84.24 and a 12 month high of $147.75. The firm has a market cap of $43.96 billion, a P/E ratio of 46.20 and a beta of 1.39. The business's 50-day simple moving average is $136.21 and its 200-day simple moving average is $128.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.
CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. As a group, analysts predict that CBRE Group will post 4.99 earnings per share for the current fiscal year.
Institutional Trading of CBRE Group
Several large investors have recently made changes to their positions in the business. Neo Ivy Capital Management lifted its position in CBRE Group by 248.4% during the 4th quarter. Neo Ivy Capital Management now owns 17,394 shares of the financial services provider's stock worth $2,283,000 after buying an additional 12,402 shares in the last quarter. Investment Management Corp VA ADV acquired a new position in shares of CBRE Group during the fourth quarter worth approximately $28,000. City National Bank of Florida MSD bought a new stake in shares of CBRE Group during the fourth quarter valued at approximately $248,000. Pinkerton Retirement Specialists LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $882,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in CBRE Group by 10.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,025,256 shares of the financial services provider's stock worth $397,186,000 after purchasing an additional 295,943 shares during the last quarter. Institutional investors own 98.41% of the company's stock.
CBRE Group Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider CBRE Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CBRE Group wasn't on the list.
While CBRE Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
