News coverage about CBRE Group (NYSE:CBG) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CBRE Group earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.9508042420517 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
Several analysts have weighed in on the stock. Raymond James Financial assumed coverage on shares of CBRE Group in a research note on Tuesday, February 6th. They issued an “outperform” rating and a $55.00 price target for the company. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Friday, February 9th. JMP Securities downgraded 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 upped their price objective 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. Finally, Evercore ISI began coverage on shares of CBRE Group in a research note on Monday, January 22nd. They set an “in-line” rating and a $48.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $46.56.
Shares of CBRE Group (CBG) traded up $0.90 during trading hours on Wednesday, hitting $45.04. 2,890,000 shares of the stock traded hands, compared to its average volume of 2,090,000. The company has a market capitalization of $15,290.00, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 1.08 and a beta of 1.83. The company has a current ratio of 1.08, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. CBRE Group has a 52-week low of $32.30 and a 52-week high of $46.60.
CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. The firm had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.12 billion. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. equities research analysts expect that CBRE Group will post 3.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.22%.
In related news, Director Holdings L.P. Valueact sold 84,500 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $42.82, for a total transaction of $3,618,290.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Valueact Capital Master Fund, sold 882,206 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $42.84, for a total transaction of $37,793,705.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,000,687 shares of company stock valued at $128,188,805. 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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