Other equities research analysts have also recently issued research reports about the company. ValuEngine cut CBRE Group from a buy rating to a hold rating in a report on Wednesday, September 19th. Zacks Investment Research cut CBRE Group from a buy rating to a hold rating in a report on Wednesday, January 2nd. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. CBRE Group currently has an average rating of Buy and an average price target of $52.56.
NYSE:CBRE opened at $42.53 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 1.16. CBRE Group has a one year low of $37.45 and a one year high of $50.43. The stock has a market capitalization of $14.18 billion, a P/E ratio of 15.69, a PEG ratio of 1.12 and a beta of 1.63.
CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, November 1st. The financial services provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. CBRE Group had a return on equity of 23.45% and a net margin of 4.32%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.17 billion. The firm’s revenue was up 13.4% on a year-over-year basis. On average, analysts predict that CBRE Group will post 3.19 EPS for the current year.
In other news, Director Gerardo I. Lopez acquired 5,000 shares of the stock in a transaction on Tuesday, December 4th. The shares were purchased at an average cost of $42.41 per share, for a total transaction of $212,050.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.88% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in CBRE Group during the third quarter worth about $103,000. San Francisco Sentry Investment Group CA bought a new stake in CBRE Group during the third quarter worth about $123,000. Quadrant Capital Group LLC bought a new stake in shares of CBRE Group during the third quarter valued at approximately $128,000. Csenge Advisory Group acquired a new position in CBRE Group in the third quarter valued at approximately $145,000. Finally, Hanson & Doremus Investment Management acquired a new position in CBRE Group in the third quarter valued at approximately $155,000. 94.05% 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 worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.
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