NYSE:CBRE - CBRE Group Stock Price, Forecast & News

CBRE Group's stock was trading at $49.69 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CBRE shares have decreased by 21.1% and is now trading at $39.20. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CBRE Group in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CBRE Group.

CBRE Group is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for CBRE Group.

CBRE Group Inc (NYSE:CBRE) released its earnings results on Thursday, February, 27th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by $0.03. The financial services provider earned $7.12 billion during the quarter, compared to the consensus estimate of $6.84 billion. CBRE Group had a return on equity of 22.53% and a net margin of 5.37%. CBRE Group's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 earnings per share. View CBRE Group's earnings history.

CBRE Group updated its FY20 earnings guidance on Thursday, February, 27th. The company provided earnings per share (EPS) guidance of $4.05-4.25 for the period, compared to the Thomson Reuters consensus estimate of $4.09.

6 equities research analysts have issued 12 month price objectives for CBRE Group's shares. Their forecasts range from $54.00 to $72.00. On average, they expect CBRE Group's share price to reach $61.75 in the next year. This suggests a possible upside of 57.5% from the stock's current price. View analysts' price targets for CBRE Group.

News stories about CBRE stock have been trending negative on Sunday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CBRE Group earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutCBRE Group.

CBRE Group saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 4,969,800 shares, a drop of 18.3% from the February 27th total of 6,080,000 shares. Based on an average daily trading volume, of 1,450,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.5% of the shares of the stock are sold short. View CBRE Group's Current Options Chain.

Some companies that are related to CBRE Group include Vonovia SE Depository Receipt (VONOY), HENDERSON LD DE/S (HLDCY), Gecina (GECFF), NEW WORLD DEV L/ADR (NDVLY), HONGKONG LD HOL/ADR (HNGKY), HANG LUNG PROPE/S (HLPPY), Land Securities Group (LSGOF), Brookfield Property Partners (BPY), Hudson Pacific Properties (HPP), FirstService (FSV), Terreno Realty (TRNO), Cushman & Wakefield (CWK), Kennedy-Wilson (KW), Shanghai Industrial (SGHIY) and Colliers International Group (CIGI).

Based on aggregate information from My MarketBeat watchlists, some companies that other CBRE Group investors own include Alibaba Group (BABA), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), CVS Health (CVS), Walt Disney (DIS), Applied Materials (AMAT), Home Depot (HD), Pfizer (PFE) and AT&T (T).

CBRE Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBRE."

CBRE Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (4.38%), Principal Financial Group Inc. (2.99%), Alliancebernstein L.P. (2.51%), FMR LLC (2.24%), Cantillon Capital Management LLC (2.02%) and Geode Capital Management LLC (1.55%). Company insiders that own CBRE Group stock include Brandon B Boze, Curtis F Feeny, Dara Bazzano, Gerardo I Lopez, J Christopher Kirk, James R Groch, Laurence H Midler, Michael J Lafitte, Robert E Sulentic and William F Concannon. View institutional ownership trends for CBRE Group.

CBRE stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., State of Michigan Retirement System, Panagora Asset Management Inc., UBS Group AG, Obermeyer Wood Investment Counsel Lllp, Schroder Investment Management Group, Nuveen Asset Management LLC, and Victory Capital Management Inc.. Company insiders that have sold CBRE Group company stock in the last year include Brandon B Boze, Curtis F Feeny, Dara Bazzano, James R Groch, Michael J Lafitte, Robert E Sulentic, and William F Concannon. View insider buying and selling activity for CBRE Group.

CBRE stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Loomis Sayles & Co. L P, Man Group plc, Marshall Wace LLP, Principal Financial Group Inc., Hexavest Inc., AQR Capital Management LLC, and State Street Corp. View insider buying and selling activity for CBRE Group.

Shares of CBRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CBRE stock can currently be purchased for approximately $39.20.

CBRE Group has a market capitalization of $13.12 billion and generates $23.89 billion in revenue each year. The financial services provider earns $1.28 billion in net income (profit) each year or $3.71 on an earnings per share basis. CBRE Group employs 100,000 workers across the globe. View additional information about CBRE Group.

The official website for CBRE Group is http://www.cbre.com/.

CBRE Group's mailing address is 400 SOUTH HOPE STREET 25TH FLOOR, LOS ANGELES CA, 90071. The financial services provider can be reached via phone at 213-613-3333 or via email at [email protected]