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.

CBRE Group Trading Up 0.1 %

NYSE:CBRE traded up $0.07 on Tuesday, reaching $87.75. The stock had a trading volume of 21,931 shares, compared to its average volume of 1,439,634. The company has a market cap of $28.18 billion, a price-to-earnings ratio of 14.71 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 1.16. The firm's fifty day moving average is $77.87 and its two-hundred day moving average is $85.19. CBRE Group has a 12-month low of $67.68 and a 12-month high of $111.00.

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

Wall Street Analyst Weigh In

CBRE has been the topic of several recent research reports. Raymond James boosted their price objective on shares of CBRE Group from $110.00 to $113.00 and gave the company a "strong-buy" rating in a research note on Friday, August 5th. Evercore ISI upped their price target on shares of CBRE Group to $96.00 in a research note on Monday. Finally, StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Friday, July 15th. One equities research 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's stock. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of "Buy" and an average target price of $110.20.

Insider Transactions at CBRE Group

In other news, CEO Daniel G. Queenan sold 5,000 shares of the 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 transaction, the chief executive officer now directly owns 188,841 shares in the company, valued at approximately $15,704,017.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.43% of the company's stock.