Fintel reports that on January 15, 2025, Morgan Stanley upgraded their outlook for CBRE Group (NYSE:CBRE) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 14.09% Upside
As of December 23, 2024, the average one-year price target for CBRE Group is $149.84/share. The forecasts range from a low of $116.15 to a high of $184.80. The average price target represents an increase of 14.09% from its latest reported closing price of $131.33 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for CBRE Group is 34,821MM, an increase of 1.48%. The projected annual non-GAAP EPS is 6.33.
What is the Fund Sentiment?
There are 1,673 funds or institutions reporting positions in CBRE Group. This is an increase of 106 owner(s) or 6.76% in the last quarter. Average portfolio weight of all funds dedicated to CBRE is 0.36%, an increase of 10.43%. Total shares owned by institutions increased in the last three months by 0.10% to 351,106K shares. 
The put/call ratio of CBRE is 0.80, indicating a bullish outlook.
What are Other Shareholders Doing?
Harris Associates L P holds 14,099K shares representing 4.69% ownership of the company. In its prior filing, the firm reported owning 15,958K shares , representing a decrease of 13.18%. The firm decreased its portfolio allocation in CBRE by 6.51% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 12,085K shares representing 4.02% ownership of the company. In its prior filing, the firm reported owning 12,243K shares , representing a decrease of 1.31%. The firm increased its portfolio allocation in CBRE by 10.94% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,698K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 9,675K shares , representing an increase of 0.25%. The firm increased its portfolio allocation in CBRE by 31.53% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 7,889K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 7,741K shares , representing an increase of 1.87%. The firm increased its portfolio allocation in CBRE by 31.00% over the last quarter.
Geode Capital Management holds 7,658K shares representing 2.55% ownership of the company. In its prior filing, the firm reported owning 7,602K shares , representing an increase of 0.74%. The firm decreased its portfolio allocation in CBRE by 32.03% over the last quarter.
CBRE Group Background Information
(This description is provided by the company.)
CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. It routinely posts important information on its website, including corporate and investor presentations and financial information. It intends to use its website as a means of disclosing material, non-public information and for complying with its disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of its website, in addition to following its press releases, Securities and Exchange Commission filings and public conference calls and webcasts.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
