CBRE Group (CBRE) Receives $47.72 Consensus PT from Analysts

Shares of CBRE Group (NYSE:CBRE) have received an average recommendation of “Buy” from the thirteen brokerages that are covering the firm, reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $47.72.

Several equities research analysts recently weighed in on CBRE shares. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Friday, February 9th. Barclays reaffirmed a “buy” rating and set a $47.00 price target on shares of CBRE Group in a report on Wednesday, December 27th. ValuEngine raised CBRE Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Evercore ISI started coverage on CBRE Group in a report on Monday, January 22nd. They set an “in-line” rating and a $48.00 price target for the company. Finally, JMP Securities downgraded CBRE Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call.

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In other CBRE Group news, Director Frederic V. Malek sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $47.68, for a total value of $2,384,000.00. Following the completion of the sale, the director now owns 267,446 shares of the company’s stock, valued at $12,751,825.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William F. Concannon sold 29,483 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $47.68, for a total value of $1,405,749.44. Following the completion of the sale, the insider now directly owns 261,226 shares of the company’s stock, valued at approximately $12,455,255.68. The disclosure for this sale can be found here. In the last three months, insiders sold 5,228,290 shares of company stock valued at $239,282,352. 1.00% of the stock is owned by corporate insiders.

Shares of CBRE stock traded up $0.52 during trading hours on Friday, hitting $47.22. The stock had a trading volume of 2,158,086 shares, compared to its average volume of 2,359,478. The company has a market capitalization of $16,031.57, a P/E ratio of 17.42, a PEG ratio of 1.19 and a beta of 1.72. CBRE Group has a twelve month low of $32.30 and a twelve month high of $48.39. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.49.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The firm had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. research analysts predict that CBRE Group will post 3.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%.

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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.

Analyst Recommendations for CBRE Group (NYSE:CBRE)

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