CBRE Group (NYSE:CBRE) Rating Lowered to “Outperform” at Raymond James

Raymond James cut shares of CBRE Group (NYSE:CBRE) from a strong-buy rating to an outperform rating in a research note released on Friday, MarketBeat.com reports. Raymond James currently has $152.00 price objective on the financial services provider’s stock, down from their prior price objective of $155.00.

Other analysts have also issued reports about the company. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target on the stock. Evercore ISI cut their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $148.56.

CBRE Group Trading Up 0.1 %

NYSE CBRE opened at $141.23 on Friday. The stock has a market capitalization of $43.22 billion, a price-to-earnings ratio of 45.41 and a beta of 1.39. The business’s fifty day moving average is $133.86 and its 200-day moving average is $122.53. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group has a one year low of $82.75 and a one year high of $142.00.

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

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

Institutional Trading of CBRE Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Canton Hathaway LLC bought a new position in shares of CBRE Group during the 3rd quarter valued at $27,000. American National Bank & Trust bought a new position in shares of CBRE Group during the third quarter valued at about $28,000. Ashton Thomas Securities LLC purchased a new position in shares of CBRE Group in the third quarter worth about $32,000. Wolff Wiese Magana LLC lifted its stake in shares of CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares during the last quarter. Finally, Asset Dedication LLC purchased a new stake in CBRE Group during the 3rd quarter valued at about $40,000. Hedge funds and other 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.