News stories about CBRE Group (NYSE:CBG) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CBRE Group earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.0150232926371 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Wednesday, January 10th. Barclays reiterated a “buy” rating and issued a $47.00 price objective on shares of CBRE Group in a research report on Wednesday, December 27th. Finally, Bank of America increased their price objective on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $42.83.
Shares of CBRE Group (NYSE:CBG) traded up $0.69 during mid-day trading on Friday, hitting $45.88. The company had a trading volume of 1,503,015 shares, compared to its average volume of 1,539,227. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. CBRE Group has a one year low of $29.69 and a one year high of $45.90. The stock has a market capitalization of $15,340.16, a P/E ratio of 19.78, a PEG ratio of 1.24 and a beta of 1.87.
CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.10. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter last year, the business posted $0.50 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. sell-side analysts predict that CBRE Group will post 2.66 earnings per share for the current fiscal year.
In other CBRE Group news, insider Valueact Capital Master Fund, sold 882,206 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $42.84, for a total transaction of $37,793,705.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Calvin W. Frese, Jr. sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $41.01, for a total value of $820,200.00. Following the sale, the insider now owns 201,673 shares in the company, valued at approximately $8,270,609.73. The disclosure for this sale can be found here. Insiders have sold 2,988,565 shares of company stock worth $127,627,161 in the last 90 days. Company insiders own 1.00% of the company’s stock.
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About CBRE Group
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.
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