CBRE Group (CBG) Receives Coverage Optimism Score of 0.49
News headlines about CBRE Group (NYSE:CBG) have trended positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CBRE Group earned a daily sentiment score of 0.49 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 90 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the near term.
Shares of CBRE Group (NYSE:CBG) traded up 0.14% on Friday, hitting $35.35. The stock had a trading volume of 5,410,747 shares. CBRE Group has a one year low of $24.11 and a one year high of $36.81. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 19.33 and a beta of 1.79. The firm’s 50-day moving average is $35.00 and its 200-day moving average is $33.69.
CBRE Group (NYSE:CBG) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.33 by $0.10. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.91 billion. CBRE Group had a return on equity of 26.31% and a net margin of 4.69%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. On average, analysts expect that CBRE Group will post $2.43 EPS for the current fiscal year.
Several brokerages have recently weighed in on CBG. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 target price on shares of CBRE Group in a research note on Tuesday, May 30th. Zacks Investment Research downgraded CBRE Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $38.00 target price on shares of CBRE Group in a research note on Monday, April 17th.
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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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