CBRE Group (CBG) Earning Somewhat Positive Press Coverage, Analysis Shows
Press coverage about CBRE Group (NYSE:CBG) has trended somewhat positive on Saturday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CBRE Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.4548321903645 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- CBRE Group (CBG) versus Its Competitors Financial Review (americanbankingnews.com)
- CBRE Group, Inc. :CBG-US: Earnings Analysis: Q2, 2017 By the Numbers : September 22, 2017 (finance.yahoo.com)
- IBD Rating Upgrades: CBRE Flashes Improved Technical Strength (finance.yahoo.com)
- CBRE/NE Announces Corbus Pharmaceuticals Triples Its Footprint in Norwood (enhancedonlinenews.com)
- CBRE : Appoints Karen Ellzey Co-Executive Sponsor of LGBT & Allies (4-traders.com)
CBRE Group (NYSE CBG) opened at 37.18 on Friday. CBRE Group has a 52-week low of $25.40 and a 52-week high of $38.99. The company has a 50 day moving average of $36.30 and a 200-day moving average of $35.62. The stock has a market capitalization of $12.53 billion, a P/E ratio of 18.15 and a beta of 1.83.
CBRE Group (NYSE:CBG) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.12. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.39 billion. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Equities research analysts anticipate that CBRE Group will post $2.57 EPS for the current year.
A number of brokerages have commented on CBG. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 price objective on shares of CBRE Group in a research report on Friday, July 21st. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, July 7th. Barclays PLC increased their price objective on shares of CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. BidaskClub downgraded shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, UBS AG began coverage on shares of CBRE Group in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $39.60.
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In related news, CFO Gil Borok sold 25,627 shares of CBRE Group stock in a transaction on Friday, August 4th. The shares were sold at an average price of $37.33, for a total value of $956,655.91. Following the completion of the sale, the chief financial officer now owns 76,651 shares in the company, valued at $2,861,381.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William F. Concannon sold 15,000 shares of CBRE Group stock in a transaction on Friday, June 30th. The stock was sold at an average price of $36.57, for a total transaction of $548,550.00. Following the completion of the sale, the chief executive officer now owns 238,376 shares of the company’s stock, valued at approximately $8,717,410.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,720,787 shares of company stock valued at $205,475,747. Insiders own 1.00% of the company’s stock.
About CBRE Group
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.
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