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

CBRE Group (NYSE:CBRE) had its price target upped by investment analysts at Keefe, Bruyette & Woods from $142.00 to $145.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 0.04% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Evercore ISI reduced their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price target on the stock. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Citigroup boosted 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 investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $149.33.

CBRE Group Price Performance

CBRE Group stock traded up $1.82 during mid-day 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 company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $135.96 and its 200 day moving average is $127.36. The firm has a market capitalization of $44.36 billion, a P/E ratio of 46.65 and a beta of 1.39. CBRE Group has a one year low of $84.24 and a one year high of $147.75.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data 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 return on equity of 13.91% and a net margin of 2.79%. On average, sell-side analysts forecast that CBRE Group will post 4.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CBRE Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in CBRE Group during the 4th quarter valued at $514,609,000. FMR LLC increased its position in CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after acquiring an additional 3,498,244 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after acquiring an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd bought a new stake in shares of CBRE Group in the 4th quarter worth about $190,695,000. Finally, Manning & Napier Advisors LLC purchased a new position in shares of CBRE Group during the 4th quarter worth about $175,978,000. Hedge funds and other 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.