CBRE Group (NYSE:CBRE) Stock Ranking Updated by StockNews.com
CBRE Group (NYSE: CBRE – Get a Rating) was upgraded by StockNews.com equity researchers from a “hold” to a “buy” rating in a research note released Thursday.
A number of other research companies have also weighed in on CBRE recently. Evercore ISI set a target price of $94.00 on the CBRE group in a Monday, June 20 report. The Goldman Sachs group launched coverage on the CBRE group in a report on Tuesday, April 5. They set a “buy” rating and a target price of $111.00 for the company. Raymond James lowered its price target on the CBRE Group from $126.00 to $111.00 and gave the stock an “outperform” rating in a Tuesday, April 26 research report. Finally, Wolfe Research cut its price target on the CBRE Group from $171.00 to $116.00 and set an “outperform” rating on the stock in a Thursday, March 10 research report. Five analysts rated the stock with a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $109.40.
CBRE opened at $75.37 on Thursday. The CBRE group has a fifty-two week low of $67.68 and a fifty-two week high of $111.00. The company has a debt ratio of 0.16, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $24.64 billion, a P/E ratio of 13.04 and a beta of 1.36. The stock has a fifty-day moving average of $77.71 and a 200-day moving average of $89.79.
The CBRE Group (NYSE:CBRE – Get Rating) last released its results on Thursday, May 5. The financial services provider reported earnings per share of $1.39 for the quarter, beating analysts’ consensus estimate of $1.10 by $0.29. The CBRE group achieved a return on equity of 25.00% and a net margin of 6.74%. The company posted revenue of $7.33 billion in the quarter, versus a consensus estimate of $7.55 billion. In the same quarter last year, the company earned $0.86 per share. The company’s revenue increased 23.5% year over year. On average, equity research analysts expect CBRE Group to post earnings per share of 6.31 for the current fiscal year.
Separately, CEO Daniel G. Queenan sold 5,000 shares of the company in a trade on Wednesday, June 1. The stock was sold at an average price of $83.16, for a total value of $415,800.00. As a result of the transaction, the CEO now owns 188,841 shares of the company, valued at $15,704,017.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website. 0.43% of the shares are currently held by insiders of the company.
Institutional investors have recently increased or reduced their stake in the company. Goldman Sachs Group Inc. increased its position in CBRE Group by 6.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 997,602 shares of the financial services provider valued at $108,250,000 after acquiring an additional 58,123 shares in the last quarter. IFM Investors Pty Ltd increased its stake in CBRE Group shares by 22.9% in the first quarter. IFM Investors Pty Ltd now owns 52,624 shares of the financial services provider valued at $4,816,000 after buying an additional 9,817 shares last quarter. ProShare Advisors LLC increased its equity stake in CBRE Group by 20.5% during the fourth quarter. ProShare Advisors LLC now owns 121,848 shares of the financial services provider valued at $13,222,000 after buying an additional 20,705 shares last quarter. Lockheed Martin Investment Management Co. acquired a new stake in shares of CBRE Group during the fourth quarter valued at approximately $2,708,000. Finally, Oppenheimer Asset Management Inc. increased its stake in CBRE Group shares by 14.2% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 29,124 shares of the financial services provider valued at $3,160,000 after buying 3,626 additional shares last quarter. Hedge funds and other institutional investors own 96.30% of the company’s shares.
About CBRE Group (Get an assessment)
CBRE Group, Inc operates as a worldwide commercial real estate and investment services company. It operates through three segments: Consulting Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services segment provides strategic advice and execution to owners, investors and occupiers of real estate in connection with leasing; real estate sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, construction engineering, accounting and financial services for owners and investors of office, industrial and retail properties; and appraisal services which include market value appraisals, litigation support, discounted cash flow analyzes and feasibility studies, as well as advisory services, such as property condition reports , hotel advice and environmental advice.
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