CBRE Group (CBRE) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CBRE Group in the last twelve months. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CBRE shares.
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5 Wall Street analysts have issued 1 year target prices for CBRE Group's shares. Their CBRE share price forecasts range from $80.00 to $101.00. On average, they anticipate the company's share price to reach $89.86 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
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CBRE Group's stock was trading at $76.96 at the beginning of 2023. Since then, CBRE shares have increased by 0.2% and is now trading at $77.13.
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CBRE Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 9,100,000 shares, an increase of 17.7% from the April 30th total of 7,730,000 shares. Based on an average trading volume of 1,890,000 shares, the short-interest ratio is presently 4.8 days. Approximately 3.0% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CBRE earnings forecast.

CBRE Group, Inc. (NYSE:CBRE) announced its earnings results on Thursday, April, 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.11. The financial services provider had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.09 billion. CBRE Group had a net margin of 3.66% and a trailing twelve-month return on equity of 19.40%. The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 EPS.
Read the conference call transcript.

ETFs with the largest weight of CBRE Group (NYSE:CBRE) stock in their portfolio include Fidelity Real Estate Investment ETF (FPRO), Invesco S&P 500 Equal Weight Real Estate ETF (EWRE), Guru Favorite Stocks ETF (GFGF), Real Estate Select Sector SPDR Fund (XLRE), Nuveen ESG Mid-Cap Growth ETF (NUMG), Direxion Daily Real Estate Bull 3X Shares (DRN), Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Natixis U.S. Equity Opportunities ETF (EQOP).

CBRE Group issued an update on its FY23 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of ~$4.84-5.12 for the period, compared to the consensus estimate of $4.80.

1,817 employees have rated CBRE Group Chief Executive Officer Robert E. Sulentic on Glassdoor.com. Robert E. Sulentic has an approval rating of 92% among the company's employees. This puts Robert E. Sulentic in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other CBRE Group investors own include CVS Health (CVS), Alibaba Group (BABA), Home Depot (HD), Intel (INTC), Cisco Systems (CSCO), Walt Disney (DIS), Johnson & Johnson (JNJ), Starbucks (SBUX), NVIDIA (NVDA) and QUALCOMM (QCOM).

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

CBRE Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.83%), State Street Corp (4.37%), Harris Associates L P (4.32%), FMR LLC (3.39%), Geode Capital Management LLC (2.31%) and Principal Financial Group Inc. (1.83%). Insiders that own company stock include Brandon B Boze, Chandra Dhandapani, Daniel G Queenan, Emma E Giamartino, Emma E Giamartino, J Christopher Kirk, Laurence H Midler, Michael J Lafitte and Robert E Sulentic.
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Shares of CBRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CBRE stock can currently be purchased for approximately $77.13.

CBRE Group (NYSE:CBRE) has a market capitalization of $23.97 billion and generates $30.83 billion in revenue each year. The financial services provider earns $1.41 billion in net income (profit) each year or $3.48 on an earnings per share basis.

The company employs 115,000 workers across the globe.

CBRE Group's mailing address is 400 SOUTH HOPE STREET 25TH FLOOR, LOS ANGELES CA, 90071. The official website for the company is www.cbre.com. The financial services provider can be reached via phone at (214) 979-6100, via email at investorrelations@cbre.com, or via fax at 213-613-3005.