Evercore ISI Issues Pessimistic Forecast for CBRE Group (NYSE:CBRE) Stock Price

CBRE Group (NYSE:CBRE - Free Report) had its price objective trimmed by Evercore ISI from $147.00 to $141.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider's stock.

Several other analysts also recently weighed in on CBRE. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. The Goldman Sachs Group started coverage on CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective for the company. JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Citigroup upped their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, CBRE Group has an average rating of "Moderate Buy" and a consensus price target of $139.33.

CBRE Group Stock Down 0.1 %

CBRE stock traded down $0.10 during mid-day trading on Monday, reaching $123.57. The company had a trading volume of 1,930,094 shares, compared to its average volume of 1,702,199. The firm has a fifty day simple moving average of $133.51 and a 200 day simple moving average of $120.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $37.81 billion, a price-to-earnings ratio of 39.73 and a beta of 1.39. CBRE Group has a fifty-two week low of $82.75 and a fifty-two week high of $142.00.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion during the quarter, compared to analysts' expectations of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. Analysts forecast that CBRE Group will post 4.99 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares of the company's stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On CBRE Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its holdings in CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock worth $1,672,204,000 after buying an additional 692,697 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of CBRE Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider's stock worth $950,270,000 after acquiring an additional 56,888 shares in the last quarter. FMR LLC boosted its stake in shares of CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after acquiring an additional 3,498,244 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock worth $924,223,000 after acquiring an additional 277,922 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in CBRE Group by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider's stock valued at $763,909,000 after purchasing an additional 49,732 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

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.