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 Stock Up 0.1 %

Shares of NYSE:CBRE opened at $85.35 on Friday. CBRE Group has a 1 year low of $67.68 and a 1 year high of $111.00. The firm's 50 day moving average price is $77.53 and its 200 day moving average price is $85.58. The firm has a market cap of $27.41 billion, a P/E ratio of 14.32 and a beta of 1.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.20 and a current ratio of 1.16.

CBRE Group (NYSE:CBRE - Get Rating) last announced its earnings results 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 for the quarter, compared to analyst estimates of $7.72 billion. During the same quarter last year, the business earned $1.36 earnings per share. CBRE Group's revenue was up 20.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that CBRE Group will post 6.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CBRE shares. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Friday, July 15th. Raymond James raised their price objective on shares of CBRE Group from $110.00 to $113.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 5th. Finally, Evercore ISI raised their price objective on shares of CBRE Group to $96.00 in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $110.20.

Insider Buying and Selling

In related news, CEO Daniel G. Queenan sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $83.16, for a total transaction of $415,800.00. Following the sale, the chief executive officer now owns 188,841 shares in the company, valued at $15,704,017.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is owned by company insiders.