The price of CBRE Group Inc. (NYSE:CBRE) shares last traded on Wall Street fell -5.78% to $83.25.
Based on available information, 9 analysts follow CBRE Group Inc. (NYSE:CBRE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $89.00, we find $93.00. Given the previous closing price of $88.36, this indicates a potential upside of 5.25 percent. CBRE stock price is now 4.02% away from the 50-day moving average and 7.19% away from the 200-day moving average. The market capitalization of the company currently stands at $25.94B.
Among analysts, 3 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $93.43 as their price target over the next twelve months.
With the price target of $100, Citigroup recently initiated with Buy rating for CBRE Group Inc. (NYSE: CBRE).
In other news, Dhandapani Chandra, CEO, GWS sold 6,616 shares of the company’s stock on May 30. The stock was sold for $498,726 at an average price of $75.38. Upon completion of the transaction, the CEO, GWS now directly owns 136,878 shares in the company, valued at $11.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, CEO, Real Estate Investments Queenan Daniel G sold 5,000 shares of the business’s stock. A total of $400,400 was realized by selling the stock at an average price of $80.08. This leaves the insider owning 178,841 shares of the company worth $14.89 million. Insiders disposed of 229,884 shares of company stock worth roughly $19.14 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CBRE stock. A new stake in CBRE Group Inc. shares was purchased by LONDON CO OF VIRGINIA during the first quarter worth $145,116,000. LONG POND CAPITAL, LP invested $80,089,000 in shares of CBRE during the first quarter. In the first quarter, LORD, ABBETT & CO. LLC acquired a new stake in CBRE Group Inc. valued at approximately $44,734,000. TWINBEECH CAPITAL LP acquired a new stake in CBRE for approximately $18,471,000. SCHONFELD STRATEGIC ADVISORS LLC purchased a new stake in CBRE valued at around $13,183,000 in the second quarter.
A candlestick chart of CBRE Group Inc. (NYSE: CBRE) showed a price of $87.53 on Thursday morning. During the past 12 months, CBRE Group Inc. has had a low of $66.31 and a high of $89.58. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 1.00, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $29.99B, which is based on a 23.94 price-to-earnings ratio, a 2.18 price-to-earnings-growth ratio, and a beta of 1.37. The fifty day moving average price for CBRE is $80.21 and a two-hundred day moving average price translates $77.74 for the stock.
The latest earnings results from CBRE Group Inc. (NYSE: CBRE) was released for Mar, 2023. According to the Real Estate Services Company, earnings per share came in at $0.92, beating analysts’ expectations of $0.86 by 0.06. This compares to $1.18 EPS in the same period last year. The net profit margin was 3.70% and return on equity was 14.20% for CBRE. The company reported revenue of $7.41 billion for the quarter, compared to $7.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.07 percent. For the current quarter, analysts expect CBRE to generate $7.3B in revenue.
CBRE Group Inc.(CBRE) Company Profile
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 of offices; industrial and retail space; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, lease administration, 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 CBRE Group, Inc. was founded in 1906 and is headquartered in Dallas, Texas.
