CBRE Group (NYSE:CBRE) Price Target Cut to $130.00 by Analysts at UBS Group

CBRE Group (NYSE:CBRE) had its target price cut by analysts at UBS Group from $146.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective indicates a potential upside of 14.24% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Morgan Stanley lifted their target price on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Evercore ISI cut their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.33.

CBRE Group Stock Performance

NYSE CBRE traded down $2.85 during trading hours on Friday, hitting $113.80. The company had a trading volume of 507,926 shares, compared to its average volume of 1,799,533. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a market cap of $34.12 billion, a P/E ratio of 36.39 and a beta of 1.26. CBRE Group has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The business has a fifty day simple moving average of $133.15 and a 200-day simple moving average of $132.30.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Equities analysts predict that CBRE Group will post 5.99 EPS for the current year.

Insider Buying and Selling

In other news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. The trade was a 2.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CBRE Group

Hedge funds have recently bought and sold shares of the business. Procyon Advisors LLC boosted its holdings in shares of CBRE Group by 14.4% during the 1st quarter. Procyon Advisors LLC now owns 11,676 shares of the financial services provider’s stock worth $1,527,000 after buying an additional 1,473 shares during the period. Hudson Capital Management LLC increased its position in shares of CBRE Group by 1.1% during the first quarter. Hudson Capital Management LLC now owns 40,632 shares of the financial services provider’s stock valued at $5,314,000 after purchasing an additional 460 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in CBRE Group by 1,400.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 266 shares during the period. Fermata Advisors LLC acquired a new stake in CBRE Group during the first quarter worth $207,000. Finally, Greenfield Savings Bank boosted its stake in CBRE Group by 6.2% during the first quarter. Greenfield Savings Bank now owns 5,459 shares of the financial services provider’s stock worth $714,000 after buying an additional 321 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

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.