CBRE Group (NYSE:CBRE) Earns Overweight Rating from Analysts at Barclays

Analysts at Barclays initiated coverage on shares of CBRE Group (NYSE:CBRE) in a report issued on Tuesday,Benzinga reports. The brokerage set an “overweight” rating and a $190.00 price target on the financial services provider’s stock. Barclays‘s price target would suggest a potential upside of 19.24% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Morgan Stanley increased their target price on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Evercore ISI raised their price target on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. JPMorgan Chase & Co. upped their price objective 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. Finally, UBS Group increased their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and an average price target of $175.22.

CBRE Group Price Performance

CBRE Group stock opened at $159.34 on Tuesday. The stock has a market capitalization of $47.42 billion, a P/E ratio of 39.34 and a beta of 1.39. CBRE Group has a 12-month low of $108.45 and a 12-month high of $171.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50-day moving average is $155.94 and its two-hundred day moving average is $149.41.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.15. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.11 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities analysts predict that CBRE Group will post 5.99 earnings per share for the current year.

Institutional Trading of CBRE Group

Institutional investors and hedge funds have recently bought and sold shares of the business. KBC Group NV boosted its holdings in CBRE Group by 4.4% in the 2nd quarter. KBC Group NV now owns 248,956 shares of the financial services provider’s stock worth $34,883,000 after acquiring an additional 10,438 shares during the period. Intech Investment Management LLC raised its stake in shares of CBRE Group by 154.6% during the second quarter. Intech Investment Management LLC now owns 330,617 shares of the financial services provider’s stock valued at $46,326,000 after purchasing an additional 200,772 shares during the period. Choreo LLC lifted its position in shares of CBRE Group by 42.0% during the second quarter. Choreo LLC now owns 10,129 shares of the financial services provider’s stock worth $1,419,000 after purchasing an additional 2,995 shares in the last quarter. LPL Financial LLC boosted its stake in shares of CBRE Group by 31.4% in the first quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock valued at $12,005,000 after purchasing an additional 21,934 shares during the period. Finally, Advisors Capital Management LLC purchased a new position in shares of CBRE Group in the first quarter valued at $237,000. Institutional investors and hedge funds 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.