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

Evercore ISI set a $94.00 target price on CBRE Group (NYSE:CBRE – Get Rating) in a research report sent to investors on Monday, Stock Target Advisor reports.

A number of other research firms have also weighed in on CBRE. The Goldman Sachs Group started coverage on shares of CBRE Group in a research note on Tuesday, April 5th. They issued a buy rating and a $111.00 target price on the stock. Wolfe Research cut their price target on shares of CBRE Group from $171.00 to $116.00 and set an outperform rating for the company in a report on Thursday, March 10th. Raymond James dropped their target price on shares of CBRE Group from $126.00 to $111.00 and set an outperform rating for the company in a report on Tuesday, April 26th. Finally, StockNews.com downgraded shares of CBRE Group from a buy rating to a hold rating in a report on Friday, June 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently 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 debt-to-equity ratio of 0.16, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s fifty day moving average price is $79.63 and its 200 day moving average price is $91.59. CBRE Group has a 1 year low of $67.68 and a 1 year high of $111.00. The company has a market cap of $23.46 billion, a price-to-earnings ratio of 12.42 and a beta of 1.36.

CBRE Group (NYSE:CBRE – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.29. CBRE Group had a return on equity of 25.00% and a net margin of 6.74%. The company had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same period last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. Research analysts expect that CBRE Group will post 6.31 earnings per share for the current year.

In other news, CEO Daniel G. Queenan sold 5,000 shares of CBRE Group stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $83.16, for a total transaction of $415,800.00. Following the completion of the sale, the chief executive officer now directly owns 188,841 shares of the company’s stock, valued at approximately $15,704,017.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.43% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in shares of CBRE Group by 6.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 997,602 shares of the financial services provider’s stock valued at $108,250,000 after buying an additional 58,123 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of CBRE Group by 20.5% in the fourth quarter. ProShare Advisors LLC now owns 121,848 shares of the financial services provider’s stock valued at $13,222,000 after buying an additional 20,705 shares during the last quarter. Lockheed Martin Investment Management Co. purchased a new stake in shares of CBRE Group in the fourth quarter valued at about $2,708,000. Oppenheimer Asset Management Inc. raised its holdings in shares of CBRE Group by 14.2% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 29,124 shares of the financial services provider’s stock valued at $3,160,000 after buying an additional 3,626 shares during the last quarter. Finally, Vident Investment Advisory LLC raised its holdings in shares of CBRE Group by 5.4% in the fourth quarter. Vident Investment Advisory LLC now owns 73,701 shares of the financial services provider’s stock valued at $7,998,000 after buying an additional 3,768 shares during the last quarter. 96.30% of the stock is owned by hedge funds and other 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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