Evercore ISI Analysts Give CBRE Group (NYSE:CBRE) a $94.00 Price Target

Evercore ISI set a $94.00 price target on CBRE Group (NYSE:CBREGet Rating) in a report released on Monday, Stock Target Advisor reports.

Several other equities analysts also recently weighed in on CBRE. StockNews.com downgraded CBRE Group from a buy rating to a hold rating in a research report on Friday, June 17th. The Goldman Sachs Group initiated coverage on CBRE Group in a research report on Tuesday, April 5th. They issued a buy rating and a $111.00 price objective on the stock. Raymond James lowered their price objective on CBRE Group from $126.00 to $111.00 and set an outperform rating on the stock in a research report on Tuesday, April 26th. Finally, Wolfe Research lowered their price objective on CBRE Group from $171.00 to $116.00 and set an outperform rating on the stock in a research report on Thursday, March 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $109.40.

NYSE CBRE opened at $71.77 on Monday. The company has a market capitalization of $23.46 billion, a PE ratio of 12.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 1.20. The business’s fifty day moving average is $79.63 and its 200 day moving average is $91.59. CBRE Group has a fifty-two week low of $67.68 and a fifty-two week high of $111.00.

CBRE Group (NYSE:CBREGet Rating) last released its earnings results on Thursday, May 5th. The financial services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.29. The company had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.55 billion. CBRE Group had a return on equity of 25.00% and a net margin of 6.74%. CBRE Group’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. On average, sell-side analysts forecast that CBRE Group will post 6.31 EPS for the current year.

In related news, CEO Daniel G. Queenan sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $83.16, for a total value of $415,800.00. Following the sale, the chief executive officer now directly owns 188,841 shares in the company, valued at $15,704,017.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CBRE. Amplius Wealth Advisors LLC bought a new position in shares of CBRE Group during the fourth quarter valued at approximately $28,000. Tcwp LLC bought a new position in shares of CBRE Group during the first quarter valued at approximately $25,000. Jones Financial Companies Lllp grew its stake in shares of CBRE Group by 65.4% during the first quarter. Jones Financial Companies Lllp now owns 316 shares of the financial services provider’s stock valued at $29,000 after buying an additional 125 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of CBRE Group during the first quarter valued at approximately $31,000. Finally, CVA Family Office LLC bought a new position in shares of CBRE Group during the fourth quarter valued at approximately $41,000. 96.30% of the stock is currently owned by institutional investors.

CBRE Group Company Profile (Get Rating)

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

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