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.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CBRE. Evercore ISI set a $94.00 price target on shares of CBRE Group in a report on Monday, June 20th. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Friday, July 15th. Finally, Raymond James upped their target price on shares of CBRE Group from $110.00 to $113.00 and gave the stock a "strong-buy" rating in a report on Friday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $109.80.

CBRE Group Price Performance

NYSE:CBRE traded down $0.10 on Monday, hitting $83.87. 22,161 shares of the company were exchanged, compared to its average volume of 1,917,446. The firm has a 50 day moving average of $77.41 and a two-hundred day moving average of $85.72. The company has a market cap of $27.41 billion, a P/E ratio of 14.09 and a beta of 1.38. The company has a current ratio of 1.14, a quick ratio of 1.20 and a debt-to-equity ratio of 0.36. CBRE Group has a 1-year low of $67.68 and a 1-year high of $111.00.

CBRE Group (NYSE:CBRE - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.44. The business had revenue of $7.77 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $1.36 EPS. On average, equities analysts predict that CBRE Group will post 6.05 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Daniel G. Queenan sold 5,000 shares of the company's 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.43% of the company's stock.