CBRE Group (CBG) Getting Somewhat Favorable Media Coverage, Study Shows
Press coverage about CBRE Group (NYSE:CBG) has trended somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CBRE Group earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.7302256233795 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- CBRE Hosts Women Leaders at “Power of We” Conference – CSRwire.com (press release) (csrwire.com)
- CBRE: Tempe has highest tech rent growth, Phoenix ranks in top third in U.S. for rising office rents (bizjournals.com)
- CBRE Group, Inc. (CBG) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Markets Rebound as Senate Passes Tax Bill: 5 Top ROE Picks (finance.yahoo.com)
- Why Should You Bet on CBRE Group (CBG) Stock Right Now? (finance.yahoo.com)
CBRE Group (NYSE:CBG) traded up $0.02 during trading on Tuesday, hitting $42.80. 1,616,800 shares of the stock traded hands, compared to its average volume of 1,970,054. The company has a market capitalization of $14,530.00, a PE ratio of 16.14, a P/E/G ratio of 1.23 and a beta of 1.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.28 and a current ratio of 1.28. CBRE Group has a 52-week low of $28.61 and a 52-week high of $43.35.
CBRE Group (NYSE:CBG) last announced its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.10. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. CBRE Group’s quarterly revenue was up 11.2% on a year-over-year basis. sell-side analysts expect that CBRE Group will post 2.67 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on CBG shares. UBS AG started coverage on shares of CBRE Group in a research report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price objective on the stock. Wedbush reiterated an “outperform” rating and set a $38.00 price objective on shares of CBRE Group in a research report on Wednesday, August 2nd. BidaskClub cut shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Barclays PLC lifted 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. Finally, Bank of America Corporation lifted their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $40.33.
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In related news, insider Calvin W. Frese, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $40.04, for a total value of $1,001,000.00. Following the sale, the insider now owns 246,473 shares in the company, valued at $9,868,778.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Laurence H. Midler sold 3,139 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $36.00, for a total transaction of $113,004.00. Following the transaction, the executive vice president now owns 90,541 shares in the company, valued at approximately $3,259,476. The disclosure for this sale can be found here. Insiders sold 5,592,324 shares of company stock worth $201,132,540 in the last 90 days. 1.00% of the stock is currently owned by company insiders.
CBRE Group Company Profile
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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