StockNews.com Begins Coverage on CBRE Group (NYSE:CBRE)

StockNews.com assumed coverage on shares of CBRE Group (NYSE:CBRE – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.

A number of other research analysts also recently weighed in on the company. Keefe, Bruyette & Woods downgraded CBRE Group from an outperform rating to a market perform rating and set a $88.00 price target on the stock. in a report on Thursday, January 26th. Citigroup began coverage on CBRE Group in a research note on Friday, January 27th. They issued a buy rating and a $100.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on CBRE Group from $80.00 to $89.00 and gave the company a neutral rating in a research note on Friday, March 3rd. Finally, Raymond James lowered their target price on CBRE Group from $105.00 to $101.00 and set a strong-buy rating on the stock in a research note on Friday, January 20th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $92.43.

CBRE Group Stock Performance

Shares of CBRE stock opened at $73.87 on Thursday. CBRE Group has a 1-year low of $66.31 and a 1-year high of $94.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $22.89 billion, a price-to-earnings ratio of 17.30 and a beta of 1.38. The stock’s fifty day simple moving average is $84.26 and its 200-day simple moving average is $77.94.

CBRE Group (NYSE:CBRE – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. CBRE Group had a return on equity of 21.07% and a net margin of 4.57%. The business had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $7.97 billion. During the same quarter in the previous year, the company posted $2.19 earnings per share. CBRE Group’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts predict that CBRE Group will post 5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CBRE. Guardian Wealth Advisors LLC acquired a new stake in shares of CBRE Group in the third quarter worth about $27,000. CI Investments Inc. lifted its position in shares of CBRE Group by 976.9% in the third quarter. CI Investments Inc. now owns 420 shares of the financial services provider’s stock worth $28,000 after buying an additional 381 shares during the last quarter. Private Trust Co. NA acquired a new stake in shares of CBRE Group in the second quarter worth about $31,000. SeaCrest Wealth Management LLC acquired a new stake in shares of CBRE Group in the second quarter worth about $32,000. Finally, Edge Capital Group LLC acquired a new stake in shares of CBRE Group in the third quarter worth about $37,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

About CBRE Group

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CBRE Group, Inc engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services.