CBRE Group Inc (CBG) Receives Average Recommendation of “Hold” from Analysts
Shares of CBRE Group Inc (NYSE:CBG) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $40.33.
Separately, Bank of America raised their price target on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, November 6th.
CBRE Group (NYSE CBG) opened at $43.20 on Thursday. CBRE Group has a 1-year low of $29.69 and a 1-year high of $44.04. The company has a market capitalization of $14,660.00, a PE ratio of 16.35, a PEG ratio of 1.25 and a beta of 1.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28.
CBRE Group (NYSE:CBG) last released its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the prior year, the business posted $0.50 EPS. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. sell-side analysts forecast that CBRE Group will post 2.67 earnings per share for the current year.
In other CBRE Group news, insider Robert E. Sulentic sold 45,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $43.16, for a total transaction of $1,942,200.00. Following the completion of the sale, the insider now directly owns 637,971 shares of the company’s stock, valued at approximately $27,534,828.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederic V. Malek sold 6,900 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 267,446 shares of the company’s stock, valued at $11,575,062.88. The disclosure for this sale can be found here. Insiders have sold a total of 8,529,872 shares of company stock worth $326,639,541 in the last 90 days. 1.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of CBG. Invictus RG acquired a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $104,000. Fieldpoint Private Securities LLC acquired a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $104,000. GQG Partners LLC acquired a new stake in shares of CBRE Group in the 2nd quarter valued at approximately $122,000. BB&T Investment Services Inc. acquired a new stake in shares of CBRE Group in the 2nd quarter valued at approximately $125,000. Finally, Zions Bancorporation lifted its holdings in shares of CBRE Group by 5,136.8% in the 3rd quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock valued at $135,000 after buying an additional 3,493 shares during the period. 95.00% of the stock is owned by institutional investors.
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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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