CBRE Group (CBG) Getting Somewhat Positive News Coverage, Analysis Shows
News stories about CBRE Group (NYSE:CBG) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CBRE Group earned a news impact score of 0.17 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.351172884906 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- CBRE Reports The Sale Of 890 Mountain Ave., New Providence (tapinto.net)
- Crowdfund a downpayment for a home (finance.yahoo.com)
- Can CBRE Group (CBG) Keep the Earnings Streak Alive This Quarter? (finance.yahoo.com)
A number of research firms have issued reports on CBG. Barclays PLC boosted their price objective on shares of CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. BidaskClub downgraded shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Wedbush reissued an “outperform” rating and issued a $38.00 price objective on shares of CBRE Group in a report on Wednesday, August 2nd. UBS AG began coverage on shares of CBRE Group in a report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price objective for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 price objective on shares of CBRE Group in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.60.
Shares of CBRE Group (NYSE CBG) opened at 39.52 on Tuesday. CBRE Group has a one year low of $25.40 and a one year high of $39.63. The company has a market cap of $13.32 billion, a P/E ratio of 19.29 and a beta of 1.82. The stock’s 50 day moving average is $37.36 and its 200-day moving average is $35.99.
CBRE Group (NYSE:CBG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.12. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.39 billion. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. Equities research analysts forecast that CBRE Group will post $2.57 earnings per share for the current year.
In other news, insider Robert E. Sulentic sold 90,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $35.91, for a total value of $3,231,900.00. Following the completion of the transaction, the insider now directly owns 833,590 shares in the company, valued at $29,934,216.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William F. Concannon sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $39.02, for a total transaction of $975,500.00. The disclosure for this sale can be found here. Insiders sold 5,715,787 shares of company stock valued at $205,347,397 over the last 90 days. 1.00% of the stock is owned by company insiders.
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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