Recent Research Analysts’ Ratings Updates for CBRE Group (CBG)

CBRE Group (NYSE: CBG) has recently received a number of price target changes and ratings updates:

  • 2/12/2018 – CBRE Group had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $46.50 price target on the stock.
  • 2/9/2018 – CBRE Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $48.00 price target on the stock. According to Zacks, “Shares of CBRE Group have outperformed the industry it belongs to in the past six months. Moreover, the stock has seen the Zacks Consensus Estimate for 2018 earnings per share being revised upward in a week’s time. Recently, the company reported fourth-quarter 2017 adjusted earnings per share of 99 cents, beating the Zacks Consensus Estimate of 93 cents. Results indicate strong revenue growth in all three of its global regions. Specifically, the company experienced solid growth in occupier outsourcing and leasing fee revenue. Its extensive real estate products and services offerings, improving leasing and outsourcing business, strategic in-fill acquisitions, transformational deals, and healthy balance sheet are expected to drive results. However, competition from international, regional and local players as well as its exposure to unfavorable foreign currency movements remain concerns.”
  • 2/9/2018 – CBRE Group was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $50.00 price target on the stock.
  • 2/6/2018 – CBRE Group is now covered by analysts at Raymond James Financial, Inc.. They set an “outperform” rating and a $55.00 price target on the stock.
  • 2/5/2018 – CBRE Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of CBRE Group have outperformed the industry it belongs to in the past three months. In December 2017, the company announced the acquisition of a building technical engineering services provider in Italy — Geico Lender S.p.A. The move comes as part of the company’s strategic efforts to expand its facilities management expertise in the region. Notably, CBRE Group is experiencing strength in all three of its regional services businesses. Going forward, its extensive real estate products and services offerings, improving leasing and outsourcing business, strategic in-fill acquisitions, transformational deals, and healthy balance sheet are expected to drive results. Yet, competition from international, regional and local players, its exposure to unfavorable foreign currency movements and uneasiness in certain global economies are concerns before CBRE.”
  • 2/2/2018 – CBRE Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Shares of CBRE Group have outperformed the industry it belongs to in the past three months. In December 2017, the company announced the acquisition of a building technical engineering services provider in Italy — Geico Lender S.p.A. The move comes as part of the company’s strategic efforts to expand its facilities management expertise in the region. Notably, CBRE Group is experiencing strength in all three of its regional services businesses. Going forward, its extensive real estate products and services offerings, improving leasing and outsourcing business, strategic in-fill acquisitions, transformational deals, and healthy balance sheet are expected to drive results. Yet, competition from international, regional and local players, its exposure to unfavorable foreign currency movements and uneasiness in certain global economies are concerns before CBRE.”
  • 2/2/2018 – CBRE Group had its “outperform” rating reaffirmed by analysts at William Blair.
  • 2/2/2018 – CBRE Group was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/30/2018 – CBRE Group had its price target raised by analysts at Barclays PLC from $47.00 to $52.00. They now have an “overweight” rating on the stock.
  • 1/24/2018 – CBRE Group was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/22/2018 – CBRE Group is now covered by analysts at Evercore ISI. They set an “in-line” rating and a $48.00 price target on the stock.
  • 1/10/2018 – CBRE Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Shares of CBRE Group have outperformed the industry it belongs to, in the past three months. Recently, the company announced the acquisition of a building technical engineering services provider in Italy — Geico Lender S.p.A. The move comes as part of the company’s strategic efforts to expand its facilities management expertise in the region. Notably, CBRE Group is experiencing strength in all three of its regional services businesses and solid growth in occupier outsourcing business. Going forward, its extensive real estate products and services offerings, improving leasing and outsourcing business, strategic in-fill acquisitions, transformational deals, and healthy balance sheet are expected to drive results. Yet, competition from international, regional and local players, its exposure to unfavorable foreign currency movements and uneasiness in certain global economies are concerns before CBRE.”
  • 1/8/2018 – CBRE Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of CBRE Group have outperformed the industry it belongs to, in the past three months. Recently, the company announced the acquisition of a building technical engineering services provider in Italy — Geico Lender S.p.A. The move comes as part of the company’s strategic efforts to expand its facilities management expertise in the region. Notably, CBRE Group is experiencing strength in all three of its regional services businesses and solid growth in occupier outsourcing business. Going forward, its extensive real estate products and services offerings, improving leasing and outsourcing business, strategic in-fill acquisitions, transformational deals, and healthy balance sheet are expected to drive results. Yet, competition from international, regional and local players, its exposure to unfavorable foreign currency movements and uneasiness in certain global economies are concerns before CBRE.”
  • 12/27/2017 – CBRE Group had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $47.00 price target on the stock.

CBRE Group Inc (CBG) traded up $0.17 during trading hours on Monday, hitting $42.07. The stock had a trading volume of 102,024 shares, compared to its average volume of 1,961,078. CBRE Group Inc has a twelve month low of $32.30 and a twelve month high of $46.60. The company has a current ratio of 1.08, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. The firm has a market cap of $14,223.34, a PE ratio of 20.72, a P/E/G ratio of 1.05 and a beta of 1.83.

CBRE Group (NYSE:CBG) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The firm had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. research analysts forecast that CBRE Group Inc will post 3.08 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors 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 dividend yield of 2.38%.

In other CBRE Group news, insider Valueact Capital Master Fund, sold 882,206 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $42.84, for a total transaction of $37,793,705.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Holdings L.P. Valueact sold 600,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $42.57, for a total value of $25,542,000.00. Following the completion of the transaction, the director now directly owns 267,446 shares in the company, valued at $11,385,176.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,960,687 shares of company stock worth $126,486,405. Insiders own 1.00% of the company’s stock.

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.

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