News coverage about CBRE Group (NYSE:CBG) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CBRE Group earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.0455345216375 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
A number of brokerages have recently commented on CBG. JMP Securities cut shares of CBRE Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Bank of America lifted their price target on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Evercore ISI began coverage on shares of CBRE Group in a research note on Monday, January 22nd. They issued an “in-line” rating and a $48.00 price target on the stock. Barclays lifted their price target on shares of CBRE Group from $47.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, 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 report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.29.
Shares of CBRE Group (CBG) opened at $45.66 on Wednesday. The stock has a market cap of $15,730.54, a PE ratio of 19.68, a P/E/G ratio of 1.25 and a beta of 1.87. CBRE Group has a fifty-two week low of $29.84 and a fifty-two week high of $46.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28.
CBRE Group (NYSE:CBG) last released its earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.10. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.45 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. CBRE Group’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. equities analysts predict that CBRE Group will post 2.66 earnings per share for the current year.
In related news, EVP J. Christopher Kirk sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $43.32, for a total value of $866,400.00. Following the completion of the transaction, the executive vice president now directly owns 118,162 shares of the company’s stock, valued at $5,118,777.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Holdings L.P. Valueact sold 84,500 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $42.82, for a total value of $3,618,290.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,988,565 shares of company stock valued at $127,627,161. Corporate insiders own 1.00% of the company’s stock.
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CBRE Group Company Profile
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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