CBRE Group (NYSE:CBRE) Cut to Outperform at Raymond James

Raymond James lowered shares of CBRE Group (NYSE:CBREFree Report) from a strong-buy rating to an outperform rating in a research report released on Friday morning, MarketBeat Ratings reports. They currently have $152.00 target price on the financial services provider’s stock, down from their previous target price of $155.00.

CBRE has been the topic of several other reports. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Finally, Citigroup upped their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus price target of $148.56.

Read Our Latest Research Report on CBRE

CBRE Group Stock Performance

CBRE stock opened at $141.23 on Friday. The firm has a 50 day simple moving average of $134.08 and a 200 day simple moving average of $123.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group has a 52 week low of $82.75 and a 52 week high of $142.00. The stock has a market cap of $43.22 billion, a P/E ratio of 45.41 and a beta of 1.39.

CBRE Group (NYSE:CBREGet Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. Research analysts anticipate that CBRE Group will post 4.99 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CBRE. Canton Hathaway LLC bought a new position in CBRE Group during the third quarter worth $27,000. American National Bank & Trust purchased a new stake in CBRE Group in the 3rd quarter worth about $28,000. Benjamin F. Edwards & Company Inc. grew its stake in CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of CBRE Group in the third quarter worth $32,000. Finally, Wolff Wiese Magana LLC grew its position in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for CBRE Group (NYSE:CBRE)

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