CBRE Group (CBG) Earns “Outperform” Rating from Wedbush

CBRE Group (NYSE:CBG)‘s stock had its “outperform” rating reiterated by equities researchers at Wedbush in a research report issued on Monday. They currently have a $46.50 price target on the financial services provider’s stock. Wedbush’s target price points to a potential upside of 10.98% from the company’s current price.

A number of other analysts have also issued reports on CBG. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Friday. Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Friday. Raymond James Financial initiated coverage on shares of CBRE Group in a research report on Tuesday, February 6th. They set an “outperform” rating and a $55.00 target price on the stock. William Blair restated an “outperform” rating on shares of CBRE Group in a research report on Friday, February 2nd. Finally, ValuEngine upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.56.

Shares of CBRE Group (CBG) opened at $41.90 on Monday. The company has a market cap of $14,223.34, a P/E ratio of 20.64, a PEG ratio of 1.05 and a beta of 1.83. CBRE Group has a 1 year low of $32.30 and a 1 year high of $46.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.28.

CBRE Group (NYSE:CBG) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. The business had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.12 billion. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 earnings per share. sell-side analysts predict that CBRE Group will post 3.08 EPS for the current fiscal year.

In other CBRE Group news, insider Valueact Capital Master Fund, sold 882,206 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $42.84, for a total transaction of $37,793,705.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederic V. Malek sold 6,900 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $43.28, for a total transaction of $298,632.00. Following the transaction, the director now directly owns 267,446 shares in the company, valued at approximately $11,575,062.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,960,687 shares of company stock worth $126,486,405. 1.00% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in CBRE Group by 13.0% during the fourth quarter. BlackRock Inc. now owns 23,251,731 shares of the financial services provider’s stock worth $1,007,033,000 after purchasing an additional 2,668,228 shares during the period. Wells Fargo & Company MN raised its stake in CBRE Group by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,211,233 shares of the financial services provider’s stock worth $312,320,000 after purchasing an additional 23,697 shares during the period. Prudential Financial Inc. raised its stake in shares of CBRE Group by 3.7% in the 3rd quarter. Prudential Financial Inc. now owns 3,761,965 shares of the financial services provider’s stock valued at $142,503,000 after acquiring an additional 135,037 shares during the period. Hosking Partners LLP raised its stake in shares of CBRE Group by 0.5% in the 4th quarter. Hosking Partners LLP now owns 2,448,447 shares of the financial services provider’s stock valued at $106,042,000 after acquiring an additional 11,665 shares during the period. Finally, Old Mutual Global Investors UK Ltd. raised its stake in shares of CBRE Group by 89.6% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 2,183,187 shares of the financial services provider’s stock valued at $94,553,000 after acquiring an additional 1,031,552 shares during the period. 94.44% 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.

Analyst Recommendations for CBRE Group (NYSE:CBG)

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