CBRE Group (NYSE:CBRE) Now Covered by Morgan Stanley

Morgan Stanley started coverage on shares of CBRE Group (NYSE:CBRE - Get Free Report) in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm set an "equal weight" rating and a $105.00 price target on the financial services provider's stock. Morgan Stanley's price target points to a potential downside of 2.20% from the stock's previous close.

A number of other brokerages have also weighed in on CBRE. UBS Group decreased their target price on shares of CBRE Group from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Wednesday, July 3rd. Evercore ISI upped their price objective on CBRE Group from $103.00 to $104.00 and gave the company an "in-line" rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods raised their target price on CBRE Group from $100.00 to $110.00 and gave the stock a "market perform" rating in a research report on Thursday. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 1st. Finally, Jefferies Financial Group started coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They issued a "hold" rating and a $107.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CBRE Group presently has a consensus rating of "Hold" and an average price target of $106.14.

CBRE Group Stock Up 9.2 %

CBRE stock traded up $9.06 during trading on Thursday, hitting $107.36. 4,433,613 shares of the stock traded hands, compared to its average volume of 1,663,046. The firm's 50 day moving average is $90.20 and its two-hundred day moving average is $89.87. CBRE Group has a 1 year low of $64.63 and a 1 year high of $110.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $32.94 billion, a price-to-earnings ratio of 33.45 and a beta of 1.40.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The business had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same period last year, the business posted $0.92 EPS. The company's revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that CBRE Group will post 4.48 EPS for the current year.

Institutional Investors Weigh In On CBRE Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBRE. Principal Securities Inc. purchased a new position in shares of CBRE Group in the fourth quarter valued at about $844,000. Quantbot Technologies LP purchased a new position in CBRE Group in the 1st quarter worth approximately $1,118,000. Nordea Investment Management AB lifted its holdings in CBRE Group by 1,730.4% in the 1st quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider's stock worth $38,550,000 after purchasing an additional 372,870 shares in the last quarter. AJOVista LLC bought a new position in CBRE Group in the 4th quarter worth approximately $208,000. Finally, Fisher Asset Management LLC grew its holdings in CBRE Group by 103.8% during the 4th quarter. Fisher Asset Management LLC now owns 44,065 shares of the financial services provider's stock valued at $4,102,000 after buying an additional 22,442 shares in the last quarter. 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.