CBRE Group (NYSE:CBRE) Coverage Initiated at Morgan Stanley

Morgan Stanley began coverage on shares of CBRE Group (NYSE:CBRE) in a research report report published on Thursday morning, MarketBeat reports. The firm issued an equal weight rating and a $105.00 price target on the financial services provider’s stock.

CBRE has been the subject of several other research reports. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $100.00 to $110.00 and gave the stock a market perform rating in a report on Thursday. StockNews.com lowered CBRE Group from a buy rating to a hold rating in a report on Wednesday, May 1st. Evercore ISI lifted their target price on CBRE Group from $103.00 to $104.00 and gave the company an in-line rating in a report on Tuesday, April 2nd. Jefferies Financial Group began coverage on CBRE Group in a report on Wednesday, April 10th. They set a hold rating and a $107.00 target price for the company. Finally, UBS Group reduced their target price on CBRE Group from $100.00 to $95.00 and set a neutral rating for the company in a report on Wednesday, July 3rd. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $108.86.

CBRE Group Trading Up 2.9 %

NYSE CBRE opened at $110.55 on Thursday. The stock has a market capitalization of $33.92 billion, a price-to-earnings ratio of 34.44 and a beta of 1.40. CBRE Group has a one year low of $64.63 and a one year high of $112.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.15. The business’s fifty day moving average is $90.59 and its 200-day moving average is $90.07.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. During the same quarter last year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts predict that CBRE Group will post 4.83 EPS for the current year.

Institutional Trading of CBRE Group

Large investors have recently modified their holdings of the business. Principal Securities Inc. bought a new stake in shares of CBRE Group during the 4th quarter valued at about $844,000. Natixis boosted its position in shares of CBRE Group by 69.0% during the 1st quarter. Natixis now owns 55,018 shares of the financial services provider’s stock valued at $5,350,000 after acquiring an additional 22,464 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of CBRE Group during the 1st quarter valued at about $1,118,000. Nordea Investment Management AB boosted its position in shares of CBRE Group by 1,730.4% during the 1st quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock valued at $38,550,000 after acquiring an additional 372,870 shares during the last quarter. Finally, AJOVista LLC bought a new stake in shares of CBRE Group during the 4th quarter valued at about $208,000. 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.