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The commercial real estate company reported Tuesday fourth-quarter earnings of $79.8 million, or 25 cents a share, down from year-earlier earnings of $95.1 million, or 30 cents.
"We would be buyers on a significant pullback in the stock following a quarter we believe most investors will view as underwhelming," William Blair analysts wrote in a report Feb. 8. "We continue to like CBRE's market positions and the potential for solid margin expansion as the commercial real estate cycle continues."
CBRE Group was upgraded to a
buy from a hold by
The company has a forward P/E of 12; the average for real estate services companies is 54.6. For comparison,
Jones Lang Lasalle(JLL) and
Move(MOVE) both have higher forward P/Es of 13.34 and 16.13, respectively.
Six of the seven analysts who cover CBRE Group rated it a buy. One analyst gave the stock a sell rating.
CBRE Group gets a B- grade from
TheStreet Ratings and a
$20.91 price target. The stock closed Thursday at $18.33 and has increased 20.43% year to date.
-- Written by Alexandra Zendrian
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