CBRE Group (NYSE:CBRE) Price Target Raised to $145.00 at Keefe, Bruyette & Woods

CBRE Group (NYSE:CBRE) had its price objective boosted by stock analysts at Keefe, Bruyette & Woods from $142.00 to $145.00 in a report issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 0.04% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Evercore ISI dropped their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $149.33.

CBRE Group Stock Up 1.3 %

CBRE stock traded up $1.82 during midday trading on Friday, hitting $144.95. The stock had a trading volume of 820,281 shares, compared to its average volume of 1,831,830. The business has a 50-day moving average of $135.96 and a two-hundred day moving average of $127.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $44.36 billion, a price-to-earnings ratio of 46.65 and a beta of 1.39. CBRE Group has a 52-week low of $84.24 and a 52-week high of $147.75.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. As a group, equities research analysts forecast that CBRE Group will post 4.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CBRE Group

A number of large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in CBRE Group during the fourth quarter valued at approximately $514,609,000. FMR LLC increased its stake in shares of CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after purchasing an additional 3,498,244 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock worth $531,736,000 after purchasing an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd purchased a new position in CBRE Group during the fourth quarter valued at $190,695,000. Finally, Manning & Napier Advisors LLC bought a new stake in CBRE Group during the fourth quarter valued at about $175,978,000. 98.41% of the stock is currently owned by institutional investors.

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.