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NYSE:CBRE

CBRE Group (CBRE) Stock Price, News & Analysis

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$87.60
-1.44 (-1.62%)
(As of 01:15 PM ET)
Compare
Today's Range
$87.11
▼
$88.69
50-Day Range
$84.90
▼
$96.60
52-Week Range
$64.63
▼
$98.65
Volume
567,523 shs
Average Volume
1.65 million shs
Market Capitalization
$26.88 billion
P/E Ratio
27.29
Dividend Yield
N/A
Price Target
$99.50
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends

CBRE Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
14.0% Upside
$99.50 Price Target
Short Interest
Healthy
1.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.53
Upright™ Environmental Score
News Sentiment
1.29mentions of CBRE Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.78%
From $4.50 to $5.75 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.36 out of 5 stars

Finance Sector

220th out of 868 stocks

Real Estate Industry

3rd out of 24 stocks

See Top Rated MarketRank™ Stocks Here
CBRE stock logo

About CBRE Group Stock (NYSE:CBRE)

CBRE Group, Inc. operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis 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 provides facilities management, including day-to-day management of client-occupied space, headquarters, regional offices, administrative offices, data centers and other critical facilities, manufacturing and laboratory facilities, and distribution facilities and retail space; and project management services comprising building consulting, program, and project and cost management services under the Turner & Townsend brand name. The Real Estate Investments segment offers investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors; and development services, such as real estate development and investment activities under the Trammell Crow Company and Telford Homes brands to users and investors in commercial real estate, and for their own account. CBRE Group, Inc. was founded in 1906 and is headquartered in Dallas, Texas.

CBRE Stock Price History

CBRE Stock News Headlines

June 14 at 9:00 AM | prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for June 2024 and Availability of 19(a) Notice
June 13 at 8:30 AM | businesswire.com
CBRE Expands Climate Risk Assessment Capabilities with Climate X Agreement, Enabling Enhanced Actionable Sustainability Insights
June 10, 2024 | americanbankingnews.com
CBRE Group, Inc. (NYSE:CBRE) Receives Average Recommendation of "Moderate Buy" from Analysts
June 6, 2024 | americanbankingnews.com
Head to Head Survey: CBRE Group (NYSE:CBRE) vs. Mobile Infrastructure (NASDAQ:BEEP)
June 5, 2024 | businesswire.com
Forbes Names CBRE a Net Zero Leader for Second Consecutive Year
June 4, 2024 | bizjournals.com
Anchor Brewery's real estate traded hands at deep discount
June 4, 2024 | gurufocus.com
Insider Sale: CEO Daniel Queenan Sells 10,000 Shares of CBRE Group Inc (CBRE)
May 29, 2024 | prnewswire.com
Zimmer Biomet Outlines Strategy to Deliver Above Market Growth at 2024 Investor Day
May 29, 2024 | finance.yahoo.com
Declining Stock and Decent Financials: Is The Market Wrong About CBRE Group, Inc. (NYSE:CBRE)?
May 23, 2024 | bizjournals.com
North Kingstown apartment complex sold to Newport firm
May 22, 2024 | finance.yahoo.com
CBRE Group, Inc. (CBRE)
May 21, 2024 | bizjournals.com
Two warehouses totaling 276K s.f. break ground in Baltimore County
May 21, 2024 | finance.yahoo.com
Is San Bernardino County the Largest County in the US by Area?
May 18, 2024 | bizjournals.com
Denver golf course sells, will go under new management after 23 years
May 17, 2024 | bizjournals.com
CBRE strikes deal with Los Angeles company to bring EV charging to 10,000 properties
May 17, 2024 | fortune.com
From NIMBYism to an office building disaster that ‘never happened before’ to the permanence of remote work, real-estate execs ponder a sector that’s ‘defying gravity’
May 16, 2024 | prnewswire.com
EV+ Partners with CBRE to Expand EV Charging Network
May 15, 2024 | benzinga.com
Penn Entertainment Analyst Predicts Gaming Turnaround Through ESPN Partnership
May 14, 2024 | prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for May 2024 and Availability of 19(a) Notice
May 14, 2024 | gurufocus.com
Unveiling CBRE Group (CBRE)'s Value: Is It Really Priced Right? A Comprehensive Guide
May 8, 2024 | finance.yahoo.com
Surging Electricity Demand Across UK Cities Makes a Strong Case for Investing in Rooftop Solar
May 7, 2024 | chron.com
Geo Group: Q1 Earnings Snapshot
May 7, 2024 | seekingalpha.com
CBRE: Leasing Recovery And Expense Optimization Will Be Key Earnings Drivers
May 6, 2024 | finance.yahoo.com
CBRE Group First Quarter 2024 Earnings: EPS Misses Expectations
May 6, 2024 | finanznachrichten.de
CBRE Group, Inc.: Community Solar: A Growing Opportunity Within Commercial Real Estate
See More Headlines
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Company Calendar

Last Earnings
5/03/2024
Today
6/14/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024
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Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
Real estate
Sub-Industry
Real Estate Services
Current Symbol
NYSE:CBRE
CUSIP
12504L10
CIK
1138118
Web
www.cbre.com
Phone
(214) 979-6100
Fax
213-613-3005
Employees
130,000
Year Founded
1906

Price Target and Rating

Average Stock Price Target
$99.50
High Stock Price Target
$107.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+11.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.21
Trailing P/E Ratio
27.74
Forward P/E Ratio
19.79
P/E Growth
N/A
Net Income
$986 million
Net Margins
3.06%
Pretax Margin
3.83%
Return on Equity
12.96%
Return on Assets
5.18%

Debt

Debt-to-Equity Ratio
0.36
Current Ratio
1.15
Quick Ratio
1.15

Sales & Book Value

Annual Sales
$31.95 billion
Price / Sales
0.86
Cash Flow
$6.09 per share
Price / Cash Flow
14.62
Book Value
$29.75 per share
Price / Book
2.99

Miscellaneous

Outstanding Shares
306,820,000
Free Float
305,167,000
Market Cap
$27.32 billion
Optionable
Optionable
Beta
1.41

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Should I Buy CBRE Group Stock? CBRE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in CBRE Group, Inc.:

  • CBRE Group, Inc. has shown consistent revenue growth, with a 7.1% increase in quarterly revenue compared to the same period last year.
  • The company has a strong return on equity of 12.96%, indicating efficient use of shareholder funds to generate profits.
  • CBRE Group's stock price has been trending upwards, with a 52-week high of $98.65, potentially offering capital gains for investors.
  • Analysts predict that CBRE Group, Inc. will post 4.45 earnings per share for the current year, reflecting positive earnings expectations.
  • CBRE Group operates as a commercial real estate services and investment company, providing diversified exposure to the real estate sector.

Cons

Investors should be bearish about investing in CBRE Group, Inc. for these reasons:

  • CBRE Group's price-to-earnings ratio of 28.11 may indicate that the stock is currently overvalued compared to its earnings potential.
  • The company's debt-to-equity ratio of 0.36 suggests a moderate level of financial leverage, which could pose risks in economic downturns.
  • While revenue has been growing, the net margin of 3.06% indicates relatively low profitability compared to industry peers.
  • CBRE Group's beta of 1.44 implies higher volatility compared to the market, which may not suit risk-averse investors.
  • Some analysts have rated the stock as "hold," indicating mixed opinions on the future performance of CBRE Group, Inc.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these CBRE Group pros and cons to contact@marketbeat.com.

CBRE Stock Analysis - Frequently Asked Questions

Should I buy or sell CBRE Group stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CBRE Group in the last year. There are currently 4 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CBRE shares.
View CBRE analyst ratings or view top-rated stocks.

What is CBRE Group's stock price target for 2024?

6 Wall Street analysts have issued 12 month price targets for CBRE Group's stock. Their CBRE share price targets range from $85.00 to $107.00. On average, they anticipate the company's share price to reach $99.50 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price.
View analysts price targets for CBRE or view top-rated stocks among Wall Street analysts.

How have CBRE shares performed in 2024?

CBRE Group's stock was trading at $93.09 at the beginning of 2024. Since then, CBRE shares have decreased by 6.3% and is now trading at $87.27.
View the best growth stocks for 2024 here.

Are investors shorting CBRE Group?

CBRE Group saw a drop in short interest in the month of May. As of May 31st, there was short interest totaling 5,180,000 shares, a drop of 8.8% from the May 15th total of 5,680,000 shares. Based on an average daily trading volume, of 1,630,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.7% of the company's shares are short sold.
View CBRE Group's Short Interest.

When is CBRE Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our CBRE earnings forecast.

How were CBRE Group's earnings last quarter?

CBRE Group, Inc. (NYSE:CBRE) announced its quarterly earnings results on Friday, May, 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.09. The financial services provider had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.94 billion. CBRE Group had a trailing twelve-month return on equity of 12.96% and a net margin of 3.06%. The firm's revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share.
Read the conference call transcript.

What ETFs hold CBRE Group's stock?

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), Invesco S&P 500 Equal Weight Real Estate ETF (RSPR), Janus Henderson U.S. Real Estate ETF (JRE), Real Estate Select Sector SPDR Fund (XLRE), Nuveen ESG Mid-Cap Growth ETF (NUMG), iShares U.S. Real Estate ETF (IYR) and Texas Capital Texas Equity Index ETF (TXS).

What guidance has CBRE Group issued on next quarter's earnings?

CBRE Group updated its FY 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share (EPS) guidance of 4.250-4.650 for the period, compared to the consensus EPS estimate of 4.380. The company issued revenue guidance of -.

What is Robert E. Sulentic's approval rating as CBRE Group's CEO?

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.

What other stocks do shareholders of CBRE Group own?

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).

Who are CBRE Group's major shareholders?

CBRE Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.39%), Principal Financial Group Inc. (2.26%), Allspring Global Investments Holdings LLC (1.97%), Cantillon Capital Management LLC (1.67%), Baillie Gifford & Co. (1.52%) and Farallon Capital Management LLC (1.36%). Insiders that own company stock include Brandon B Boze, Chandra Dhandapani, Daniel G Queenan, Emma E Giamartino, Emma E Giamartino, J Christopher Kirk, John E Durburg, Laurence H Midler, Lindsey S Caplan, Michael J Lafitte and Robert E Sulentic.
View institutional ownership trends.

How do I buy shares of CBRE Group?

Shares of CBRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does CBRE Group have any subsidiaries?
The following companies are subsidiares of CBRE Group: Atrium AS, Aurora Projects Pty Ltd., Beezley Management, Brenner - Real Estate Group, Buildingi, CB/TCC Global Holdings Limited, CB/TCC LLC, CBRE Capital Markets Inc., CBRE Global Acquisition Company, CBRE Global Holdings, CBRE Holdco Inc., CBRE Holdings LLC, CBRE Holdings Limited, CBRE Inc., CBRE Limited, CBRE Luxembourg Holdings, CBRE Partner Inc., CBRE Services Inc., Caledon Capital Management, Capstone Financial Solutions, Convergences-CVL, Custom Spaces, FacilitySource, Floored, Florida Valuation, Forum Analytics, Franc Warwick Chartered Surveyors, Heery International, Mainstream Software, Michael Horwitz & Company, NEF, Norland Managed Services, Noveen Consulting, REATA Real Estate, Race Property, Ramot Group, Relam Amsterdam Holdings B.V., Romonet, Sitehawk Retail Real Estate, Skye Group, Tax Credit Group, Telford Homes, Trammell Crow Company, and Union Gaming.
Read More
This page (NYSE:CBRE) was last updated on 6/14/2024 by MarketBeat.com Staff

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