CBRE Group (NYSE:CBRE) has received an average rating of “Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $48.35.
CBRE has been the subject of a number of research reports. Barclays reissued a “buy” rating and issued a $47.00 price objective on shares of CBRE Group in a research note on Wednesday, December 27th. ValuEngine raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Wedbush reissued an “outperform” rating and issued a $46.50 price objective on shares of CBRE Group in a research note on Monday, February 12th. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Friday, February 2nd. Finally, William Blair reaffirmed an “outperform” rating on shares of CBRE Group in a research report on Friday, February 2nd.
In other CBRE Group news, insider Robert E. Sulentic sold 40,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $42.56, for a total value of $1,702,400.00. Following the transaction, the insider now owns 597,971 shares of the company’s stock, valued at $25,449,645.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brandon Boze sold 5,000,000 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $45.78, for a total value of $228,900,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,228,290 shares of company stock worth $239,282,352. 0.88% of the stock is owned by insiders.
Shares of CBRE Group stock opened at $48.05 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.49. CBRE Group has a 52 week low of $32.53 and a 52 week high of $48.39. The company has a market capitalization of $16,153.80, a price-to-earnings ratio of 17.73, a PEG ratio of 1.19 and a beta of 1.68.
CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. research analysts predict that CBRE Group will post 3.06 EPS for the current year.
The business also recently announced 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 2.08%.
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About CBRE Group
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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