Morgan Stanley Forecasts Strong Price Appreciation for CBRE Group (NYSE:CBRE) Stock

CBRE Group (NYSE:CBRE - Free Report) had its price objective boosted by Morgan Stanley from $160.00 to $165.00 in a research report released on Wednesday,Benzinga reports. Morgan Stanley currently has an overweight rating on the financial services provider's stock.

Several other brokerages also recently weighed in on CBRE. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and increased their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Citigroup increased their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and an average target price of $149.89.

CBRE Group Price Performance

CBRE stock traded down $5.95 during trading on Wednesday, hitting $135.72. 1,481,086 shares of the company's stock traded hands, compared to its average volume of 1,837,485. CBRE Group has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The business has a fifty day simple moving average of $136.53 and a 200 day simple moving average of $128.46. The stock has a market capitalization of $40.72 billion, a price-to-earnings ratio of 43.22 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, research analysts expect that CBRE Group will post 5.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CBRE. SBI Securities Co. Ltd. purchased a new position in CBRE Group during the 4th quarter valued at about $25,000. Canton Hathaway LLC purchased a new position in CBRE Group during the 3rd quarter valued at about $27,000. Investment Management Corp VA ADV purchased a new position in CBRE Group during the 4th quarter valued at about $28,000. Denver PWM LLC purchased a new position in CBRE Group during the 4th quarter valued at about $29,000. Finally, Ashton Thomas Securities LLC purchased a new position in CBRE Group during the 3rd quarter valued at about $32,000. 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.