News stories about CBRE Group (NYSE:CBG) have trended positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CBRE Group earned a coverage optimism score of 0.47 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 90 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the next few days.
A number of equities research analysts have weighed in on CBG shares. Wedbush reaffirmed an “outperform” rating and issued a $38.00 target price on shares of CBRE Group in a report on Monday, April 17th. Zacks Investment Research raised CBRE Group from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Tuesday, March 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $36.00 target price on shares of CBRE Group in a report on Tuesday, May 30th.
CBRE Group (NYSE:CBG) traded down 0.59% during midday trading on Tuesday, hitting $35.55. The company had a trading volume of 1,009,048 shares. CBRE Group has a 52 week low of $24.11 and a 52 week high of $36.81. The firm’s 50 day moving average is $35.02 and its 200-day moving average is $33.65. The firm has a market capitalization of $11.98 billion, a P/E ratio of 19.44 and a beta of 1.79.
CBRE Group (NYSE:CBG) last released its earnings results on Thursday, April 27th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. On average, equities research analysts expect that CBRE Group will post $2.43 EPS for the current fiscal year.
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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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