CBRE Group - CBRE Stock Forecast, Price & News

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services for owners of and investors in office, industrial, and retail properties; 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. The Global Workplace Solutions segment offers facilities management, project management, and transaction management services. The Real Estate Investments segment provides investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors; development services under the Trammell Crow Company brand primarily to users of and investors in commercial real estate; and flexible-space solutions under the CBRE Hana brand. The company was founded in 1906 and is headquartered in Dallas, Texas.

Analyst Upgrades and Downgrades

CBRE has been the subject of several recent research reports. Raymond James upped their target price on CBRE Group from $110.00 to $113.00 and gave the company a "strong-buy" rating in a report on Friday, August 5th. Evercore ISI upped their target price on CBRE Group to $96.00 in a report on Tuesday. Finally, StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a report on Friday, July 15th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group has an average rating of "Buy" and an average target price of $110.20.

CBRE Group Stock Performance

CBRE opened at $85.28 on Thursday. CBRE Group has a 1-year low of $67.68 and a 1-year high of $111.00. The business has a 50 day moving average price of $77.53 and a two-hundred day moving average price of $85.58. The company has a market capitalization of $27.39 billion, a price-to-earnings ratio of 14.31 and a beta of 1.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.16 and a quick ratio of 1.20.

CBRE Group (NYSE:CBRE - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.44. CBRE Group had a net margin of 6.59% and a return on equity of 25.77%. The firm had revenue of $7.77 billion during the quarter, compared to analysts' expectations of $7.72 billion. During the same period in the prior year, the company posted $1.36 earnings per share. CBRE Group's revenue for the quarter was up 20.3% on a year-over-year basis. Research analysts predict that CBRE Group will post 6.18 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In related news, CEO Daniel G. Queenan sold 5,000 shares of CBRE Group stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $83.16, for a total transaction of $415,800.00. Following the completion of the sale, the chief executive officer now owns 188,841 shares of the company's stock, valued at approximately $15,704,017.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.43% of the company's stock.