CBRE Group (NYSE:CBG) Getting Somewhat Favorable Media Coverage, Study Finds
News stories about CBRE Group (NYSE:CBG) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CBRE Group earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.5447407403009 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- See what the IHS Markit Score report has to say about CBRE Group Inc. (finance.yahoo.com)
- CBRE Group (CBG) Completes Majority Stake Buyout in Caledon (finance.yahoo.com)
- IHS Markit Score Update: Drop in demand for ETFs holding CBRE Group Inc is a negative sign for its shares (finance.yahoo.com)
- CBRE Group completes Caledon acquisition (pehub.com)
- CBRE Group, Inc. Completes Acquisition of Majority Stake in Caledon Capital Management (finance.yahoo.com)
Several brokerages have issued reports on CBG. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 price objective on shares of CBRE Group in a report on Friday, July 21st. Zacks Investment Research lowered CBRE Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Wedbush reaffirmed an “outperform” rating and set a $38.00 price objective on shares of CBRE Group in a report on Monday, April 17th. UBS AG began coverage on CBRE Group in a report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price objective on the stock. Finally, Barclays PLC raised their price objective on CBRE Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $39.40.
CBRE Group (NYSE:CBG) traded down 3.34% during trading on Thursday, hitting $35.65. The company had a trading volume of 2,039,055 shares. CBRE Group has a 12 month low of $25.40 and a 12 month high of $38.99. The company’s 50 day moving average price is $37.08 and its 200-day moving average price is $35.03. The company has a market cap of $12.01 billion, a PE ratio of 17.40 and a beta of 1.83.
CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.12. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts expect that CBRE Group will post $2.57 earnings per share for the current year.
In related news, CEO William F. Concannon sold 15,000 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $36.57, for a total transaction of $548,550.00. Following the completion of the sale, the chief executive officer now owns 238,376 shares of the company’s stock, valued at approximately $8,717,410.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Gil Borok sold 25,627 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $37.33, for a total transaction of $956,655.91. Following the sale, the chief financial officer now directly owns 76,651 shares of the company’s stock, valued at approximately $2,861,381.83. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,627 shares of company stock valued at $2,822,306. Insiders own 1.00% of the company’s stock.
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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