CBRE Group (NYSE:CBRE) Coverage Initiated at Barclays

Analysts at Barclays assumed coverage on shares of CBRE Group (NYSE:CBRE) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $190.00 price target on the financial services provider’s stock. Barclays‘s target price indicates a potential upside of 16.95% from the stock’s current price.

Several other research analysts have also commented on CBRE. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. UBS Group increased their price target on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Finally, Evercore ISI boosted their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.22.

CBRE Group Price Performance

Shares of CBRE opened at $162.47 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day moving average price of $155.97 and a 200-day moving average price of $149.69. CBRE Group has a fifty-two week low of $108.45 and a fifty-two week high of $171.00. The stock has a market capitalization of $48.35 billion, a PE ratio of 40.12 and a beta of 1.33.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.15. The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. CBRE Group’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities analysts predict that CBRE Group will post 5.99 earnings per share for the current fiscal year.

Institutional Trading of CBRE Group

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of CBRE Group during the second quarter worth $544,554,000. Nuveen LLC acquired a new position in shares of CBRE Group in the 1st quarter valued at $214,283,000. Viking Global Investors LP purchased a new position in CBRE Group in the 3rd quarter worth $190,648,000. Invesco Ltd. lifted its position in CBRE Group by 16.1% during the 3rd quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock worth $981,795,000 after acquiring an additional 862,656 shares during the period. Finally, Principal Financial Group Inc. grew its stake in CBRE Group by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock valued at $1,491,855,000 after purchasing an additional 809,796 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; 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.