Equities research analysts at Raymond James Financial assumed coverage on shares of CBRE Group (NYSE:CBG) in a report released on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $55.00 price target on the financial services provider’s stock. Raymond James Financial’s price target would indicate a potential upside of 29.32% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Friday. Barclays reissued a “buy” rating and set a $47.00 price objective on shares of CBRE Group in a research note on Wednesday, December 27th. Bank of America upped their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Wednesday, January 10th. Finally, Evercore ISI started coverage on shares of CBRE Group in a research note on Monday, January 22nd. They set an “in-line” rating and a $48.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. CBRE Group has an average rating of “Hold” and an average target price of $45.63.
Shares of CBRE Group (NYSE:CBG) traded up $0.75 during midday trading on Tuesday, hitting $42.53. 3,117,765 shares of the company’s stock traded hands, compared to its average volume of 1,883,486. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $14,160.00, a P/E ratio of 18.41, a PEG ratio of 1.19 and a beta of 1.83. CBRE Group has a 12 month low of $30.43 and a 12 month high of $46.60.
CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.45 billion. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 earnings per share. equities research analysts expect that CBRE Group will post 2.66 earnings per share for the current fiscal year.
In other CBRE Group news, Director Frederic V. Malek sold 6,900 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $43.28, for a total transaction of $298,632.00. Following the transaction, the director now owns 267,446 shares of the company’s stock, valued at $11,575,062.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Calvin W. Frese, Jr. sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $41.01, for a total transaction of $820,200.00. Following the transaction, the insider now directly owns 201,673 shares in the company, valued at approximately $8,270,609.73. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,988,565 shares of company stock worth $127,627,161. 1.00% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of CBG. Invictus RG purchased a new position in CBRE Group during the third quarter worth approximately $104,000. Fieldpoint Private Securities LLC purchased a new position in CBRE Group during the third quarter worth approximately $104,000. BB&T Investment Services Inc. purchased a new position in CBRE Group during the second quarter worth approximately $125,000. Cerebellum GP LLC purchased a new position in CBRE Group during the fourth quarter worth approximately $127,000. Finally, Zions Bancorporation raised its stake in CBRE Group by 5,136.8% during the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 3,493 shares during the period. 94.66% of the stock is currently owned by institutional investors.
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About CBRE Group
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.