ValuEngine Downgrades CBRE Group (NYSE:CBRE) to Sell

CBRE Group (NYSE:CBRE) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday, ValuEngine reports.

A number of other equities research analysts have also recently commented on CBRE. UBS Group increased their target price on shares of CBRE Group from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Thursday, November 28th. JPMorgan Chase & Co. began coverage on shares of CBRE Group in a research report on Tuesday, October 29th. They set an “overweight” rating for the company. Finally, Bank of America began coverage on shares of CBRE Group in a research report on Tuesday, November 26th. They set a “buy” rating and a $62.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.20.

NYSE CBRE opened at $57.03 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50 day moving average price is $54.66 and its 200-day moving average price is $52.15. CBRE Group has a 52-week low of $37.45 and a 52-week high of $58.00. The company has a market cap of $19.09 billion, a PE ratio of 17.39, a P/E/G ratio of 1.39 and a beta of 1.68.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. CBRE Group had a net margin of 4.50% and a return on equity of 23.24%. The firm had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same period last year, the firm earned $0.79 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts forecast that CBRE Group will post 3.74 earnings per share for the current fiscal year.

In other CBRE Group news, CEO Michael J. Lafitte sold 26,759 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $56.02, for a total value of $1,499,039.18. Following the completion of the transaction, the chief executive officer now owns 335,364 shares of the company’s stock, valued at $18,787,091.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William F. Concannon sold 8,268 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $55.03, for a total transaction of $454,988.04. Following the completion of the transaction, the chief executive officer now directly owns 277,755 shares of the company’s stock, valued at approximately $15,284,857.65. The disclosure for this sale can be found here. Insiders have sold 3,151,074 shares of company stock valued at $169,861,123 in the last three months. 0.74% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ropes Wealth Advisors LLC purchased a new position in shares of CBRE Group in the third quarter worth $28,000. Johnson Financial Group Inc. purchased a new position in shares of CBRE Group in the second quarter worth $30,000. Fulcrum Capital LLC purchased a new position in shares of CBRE Group in the third quarter worth $328,000. Prime Capital Investment Advisors LLC purchased a new position in shares of CBRE Group in the third quarter worth $36,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of CBRE Group by 461.5% in the third quarter. AdvisorNet Financial Inc now owns 730 shares of the financial services provider’s stock worth $39,000 after buying an additional 600 shares during the last quarter. 93.00% of the stock is owned by institutional investors and hedge funds.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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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Analyst Recommendations for CBRE Group (NYSE:CBRE)

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