CBRE Group - CBRE Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CBRE Group in the last twelve months. There are currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CBRE shares.
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5 Wall Street research analysts have issued 12 month target prices for CBRE Group's shares. Their CBRE share price forecasts range from $86.00 to $116.00. On average, they expect the company's stock price to reach $96.29 in the next twelve months. This suggests a possible upside of 12.6% 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 stock has increased by 11.1% and is now trading at $85.51.
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CBRE Group saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 5,430,000 shares, an increase of 11.3% from the November 30th total of 4,880,000 shares. Based on an average daily volume of 1,730,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 1.7% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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CBRE Group will be holding an earnings conference call on Thursday, February 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13735397#".

CBRE Group, Inc. (NYSE:CBRE) announced its quarterly earnings results on Wednesday, October, 27th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.19 by $0.20. The financial services provider had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.65 billion. CBRE Group had a net margin of 6.47% and a trailing twelve-month return on equity of 24.11%. CBRE Group's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS.
Read the conference call transcript.

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 shareholders include Baillie Gifford & Co. (1.84%), Allspring Global Investments Holdings LLC (1.81%), Sumitomo Mitsui Trust Holdings Inc. (0.47%), New York State Common Retirement Fund (0.24%), New York State Teachers Retirement System (0.14%) and Natixis Advisors L.P. (0.14%). 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, Raymond E Wirta, Robert E Sulentic and Shira Goodman.
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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 $85.51.

CBRE Group (NYSE:CBRE) has a market capitalization of $27.02 billion and generates $27.75 billion in revenue each year. The financial services provider earns $1.84 billion in net income (profit) each year or $6.06 on an earnings per share basis.

The company employs 105,000 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.