CBRE Group (NYSE:CBG)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a research report issued to clients and investors on Monday. They presently have a $46.50 price objective on the financial services provider’s stock. Wedbush’s price objective would suggest a potential upside of 5.35% from the stock’s current price. Wedbush also issued estimates for CBRE Group’s Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $0.98 EPS, FY2018 earnings at $3.07 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.71 EPS and FY2019 earnings at $3.40 EPS.

Several other research firms have also issued reports on CBG. Barclays reissued 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. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Friday, February 2nd. William Blair reissued an “outperform” rating on shares of CBRE Group in a report on Friday, February 2nd. Finally, Evercore ISI raised CBRE Group from an “in-line” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. CBRE Group currently has an average rating of “Buy” and an average price target of $46.56.

Shares of CBRE Group (NYSE:CBG) opened at $44.14 on Monday. The company has a market capitalization of $14,980.00, a price-to-earnings ratio of 21.74, a P/E/G ratio of 1.05 and a beta of 1.83. The company has a current ratio of 1.08, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. CBRE Group has a 1 year low of $32.30 and a 1 year high of $46.60.

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 analysts’ consensus estimates of $0.93 by $0.06. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. CBRE Group’s revenue for the quarter was up 13.4% compared to the same quarter last year. equities analysts forecast that CBRE Group will post 3.08 EPS for the current year.

In other news, insider Valueact Capital Master Fund, sold 882,206 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $42.84, for a total value of $37,793,705.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Holdings L.P. Valueact sold 600,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $11,385,176.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,000,687 shares of company stock valued at $128,188,805. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sentry Investment Management LLC lifted its position in shares of CBRE Group by 0.3% in the second quarter. Sentry Investment Management LLC now owns 21,861 shares of the financial services provider’s stock worth $796,000 after buying an additional 59 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of CBRE Group by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 7,240 shares of the financial services provider’s stock worth $263,000 after buying an additional 99 shares in the last quarter. Advisor Group Inc. lifted its position in shares of CBRE Group by 6.6% in the second quarter. Advisor Group Inc. now owns 5,480 shares of the financial services provider’s stock worth $198,000 after buying an additional 337 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of CBRE Group by 5.6% in the second quarter. Macquarie Group Ltd. now owns 7,600 shares of the financial services provider’s stock worth $277,000 after buying an additional 400 shares in the last quarter. Finally, BB&T Corp lifted its position in shares of CBRE Group by 0.5% in the fourth quarter. BB&T Corp now owns 212,059 shares of the financial services provider’s stock worth $9,184,000 after buying an additional 1,134 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

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CBRE Group Company Profile

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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