CBRE Group (NYSE:CBG) Earns Coverage Optimism Score of 0.43
Headlines about CBRE Group (NYSE:CBG) have trended positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CBRE Group earned a news impact score of 0.43 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 89 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
- CBRE Group Buys Convergences-CVL to Boost Retail Services (finance.yahoo.com)
- CBRE Group Inc Class A (NYSE:CBG) Closed 5.5% Above Its 50 Day Moving Average (highlightpress.com)
- CBRE Group, Inc. (CBG) Position Held by Hoertkorn Richard Charles (healthcaremenu.net)
- Q4 Sentiment Cbre Group Inc (NYSE:CBG) (nolopodrasdejardever.com)
- Southpoint Capital Advisors LP Cuts Stake in CBRE Group, Inc. (CBG) (fumbleboard.com)
Several equities analysts recently issued reports on CBG shares. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, July 7th. Wedbush reissued an “outperform” rating and issued a $38.00 target price on shares of CBRE Group in a research report on Monday, April 17th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 target price on shares of CBRE Group in a research report on Tuesday, May 30th.
Shares of CBRE Group (NYSE CBG) opened at 37.16 on Monday. CBRE Group has a 12 month low of $25.40 and a 12 month high of $37.47. The firm has a market capitalization of $12.52 billion, a P/E ratio of 20.32 and a beta of 1.83. The firm’s 50-day moving average price is $34.98 and its 200 day moving average price is $33.86.
CBRE Group (NYSE:CBG) last posted its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.91 billion. CBRE Group had a net margin of 4.69% and a return on equity of 26.31%. CBRE Group’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. Analysts anticipate that CBRE Group will post $2.42 earnings per share for the current fiscal year.
In other CBRE Group news, insider Michael J. Lafitte sold 15,000 shares of CBRE Group stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $37.02, for a total value of $555,300.00. Following the transaction, the insider now directly owns 369,774 shares in the company, valued at $13,689,033.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.
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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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