CBRE Group, Inc. (NYSE:CBRE) Receives $165.22 Consensus Price Target from Brokerages

Shares of CBRE Group, Inc. (NYSE:CBRE) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $165.2222.

Several research firms recently commented on CBRE. Evercore ISI increased their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. Morgan Stanley reissued an “overweight” rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the sale, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the sale, the chief executive officer owned 111,473 shares of the company’s stock, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,494 shares of company stock worth $857,593. 0.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CBRE Group

Hedge funds have recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of CBRE Group in the 1st quarter valued at approximately $26,000. Hughes Financial Services LLC purchased a new stake in CBRE Group in the 1st quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in CBRE Group in the 2nd quarter worth approximately $30,000. Golden State Wealth Management LLC lifted its position in CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after buying an additional 213 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd purchased a new stake in CBRE Group in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 0.6%

CBRE Group stock opened at $155.59 on Friday. The firm has a 50 day simple moving average of $159.49 and a 200-day simple moving average of $139.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $46.30 billion, a PE ratio of 43.58 and a beta of 1.36. CBRE Group has a 12-month low of $108.45 and a 12-month high of $167.56.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The business had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts expect that CBRE Group will post 5.99 EPS for the current fiscal year.

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.