Evercore ISI Lowers CBRE Group (NYSE:CBRE) Price Target to $141.00

CBRE Group (NYSE:CBRE) had its price target lowered by stock analysts at Evercore ISI from $147.00 to $141.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s target price would suggest a potential upside of 15.55% from the stock’s current price.

A number of other analysts also recently commented on CBRE. Jefferies Financial Group upgraded 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 research report on Thursday, January 2nd. The Goldman Sachs Group began coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. Citigroup upped their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $139.33.

CBRE Group Trading Down 1.3 %

CBRE traded down $1.65 during mid-day trading on Monday, hitting $122.02. 379,448 shares of the stock were exchanged, compared to its average volume of 1,474,619. CBRE Group has a 1-year low of $82.75 and a 1-year high of $142.00. The firm’s fifty day moving average is $133.67 and its two-hundred day moving average is $120.05. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $37.34 billion, a PE ratio of 39.23 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts forecast that CBRE Group will post 4.99 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Algert Global LLC bought a new position in CBRE Group in the 3rd quarter worth approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of CBRE Group during the fourth quarter worth $1,518,000. Fulton Bank N.A. lifted its stake in shares of CBRE Group by 342.0% during the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock valued at $3,262,000 after acquiring an additional 19,227 shares during the period. Prestige Wealth Management Group LLC boosted its holdings in CBRE Group by 17,304.5% in the third quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock valued at $477,000 after acquiring an additional 3,807 shares during the last quarter. Finally, Cornerstone Advisors LLC increased its position in CBRE Group by 29.9% in the third quarter. Cornerstone Advisors LLC now owns 16,500 shares of the financial services provider’s stock worth $2,054,000 after purchasing an additional 3,800 shares during the period. Institutional investors own 98.41% of the company’s stock.

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.