Media stories about CBRE Group (NYSE:CBRE) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CBRE Group earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 43.9250607287725 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
CBRE has been the subject of a number of analyst reports. Barclays reaffirmed a “buy” rating and issued a $47.00 price target on shares of CBRE Group in a research report on Wednesday, December 27th. Zacks Investment Research cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. JMP Securities cut CBRE Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Evercore ISI initiated coverage on CBRE Group in a research report on Monday, January 22nd. They issued an “in-line” rating and a $48.00 price target for the company. Finally, JPMorgan Chase boosted their price target on CBRE Group from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $48.35.
Shares of NYSE CBRE traded down $1.06 during trading hours on Friday, hitting $46.73. 1,804,882 shares of the company’s stock were exchanged, compared to its average volume of 2,010,328. CBRE Group has a 1-year low of $32.46 and a 1-year high of $48.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $16,225.10, a PE ratio of 17.24, a P/E/G ratio of 1.20 and a beta of 1.68.
CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The business had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. equities research analysts forecast that CBRE Group will post 3.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.14%.
In related news, Director Laura D. Tyson sold 1,886 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $47.49, for a total transaction of $89,566.14. Following the completion of the transaction, the director now owns 33,257 shares of the company’s stock, valued at approximately $1,579,374.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Calvin W. Frese, Jr. sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $44.17, for a total value of $1,104,250.00. Following the transaction, the insider now directly owns 213,121 shares of the company’s stock, valued at approximately $9,413,554.57. The disclosure for this sale can be found here. Insiders have sold a total of 5,228,290 shares of company stock valued at $239,282,352 in the last three months. 1.00% of the stock is owned by insiders.
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CBRE Group Company Profile
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
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