CBRE Group (CBG) Issues FY18 Earnings Guidance
CBRE Group (NYSE:CBG) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $3.00-3.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.83.
Several research analysts have issued reports on the company. William Blair reaffirmed an outperform rating on shares of CBRE Group in a report on Friday, February 2nd. Zacks Investment Research raised CBRE Group from a hold rating to a buy rating and set a $51.00 price objective on the stock in a report on Wednesday, January 10th. Evercore ISI raised CBRE Group from an in-line rating to an outperform rating and set a $50.00 price objective on the stock in a report on Friday. Raymond James Financial assumed coverage on CBRE Group in a report on Tuesday. They set an outperform rating and a $55.00 price objective on the stock. Finally, Barclays upped their price objective on CBRE Group from $47.00 to $52.00 and gave the stock an overweight rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. CBRE Group currently has an average rating of Buy and an average target price of $45.50.
CBRE Group (NYSE:CBG) opened at $41.90 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $14,230.13, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.83. CBRE Group has a 1-year low of $30.86 and a 1-year high of $46.60.
In other news, Director Frederic V. Malek sold 6,900 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $43.28, for a total value of $298,632.00. Following the transaction, the director now owns 267,446 shares of the company’s stock, valued at approximately $11,575,062.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Valueact Capital Master Fund, sold 882,206 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $42.84, for a total value of $37,793,705.04. The disclosure for this sale can be found here. In the last three months, insiders sold 2,960,687 shares of company stock worth $126,486,405. 1.00% of the stock is currently owned by company insiders.
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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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