CBRE Group (NYSE:CBRE) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of CBRE Group (NYSE:CBRE) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

A number of other brokerages have also recently weighed in on CBRE. Raymond James lifted their price target on shares of CBRE Group from $95.00 to $103.00 and gave the company a strong-buy rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $96.00 to $100.00 and gave the company a market perform rating in a research report on Friday, February 16th. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a hold rating and a $107.00 price target on the stock. Evercore ISI lifted their price target on shares of CBRE Group from $103.00 to $104.00 and gave the company an in-line rating in a research report on Tuesday, April 2nd. Finally, TheStreet raised shares of CBRE Group from a c+ rating to a b- rating in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $99.50.

CBRE Group Price Performance

CBRE opened at $87.01 on Tuesday. The company’s 50 day simple moving average is $92.25 and its 200 day simple moving average is $85.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. CBRE Group has a 1 year low of $64.63 and a 1 year high of $98.65. The stock has a market capitalization of $26.71 billion, a PE ratio of 27.45 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period last year, the company earned $1.33 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts expect that CBRE Group will post 4.44 EPS for the current year.

Insider Activity

In other news, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the sale, the chief executive officer now owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the sale, the chief financial officer now owns 72,350 shares in the company, valued at $6,766,895.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the sale, the chief executive officer now owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. Insiders have sold 39,592 shares of company stock worth $3,675,752 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Institutional Trading of CBRE Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC increased its stake in shares of CBRE Group by 190.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after buying an additional 326 shares during the last quarter. Headinvest LLC bought a new stake in shares of CBRE Group in the third quarter worth $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group in the fourth quarter worth $45,000. Bruce G. Allen Investments LLC acquired a new position in CBRE Group in the fourth quarter worth $48,000. Finally, Planned Solutions Inc. acquired a new position in CBRE Group in the fourth quarter worth $52,000. Institutional investors 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.