CBRE Group (NYSE:CBG) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.00-3.15 for the period, compared to the Thomson Reuters consensus estimate of $2.83.
A number of research analysts recently issued reports on the company. Evercore ISI upgraded CBRE Group to an outperform rating in a report on Friday. Raymond James Financial assumed coverage on CBRE Group in a report on Tuesday. They set an outperform rating and a $55.00 price target on the stock. Zacks Investment Research downgraded CBRE Group from a buy rating to a hold rating in a report on Monday. William Blair restated an outperform rating on shares of CBRE Group in a report on Friday, February 2nd. Finally, ValuEngine upgraded CBRE Group from a hold rating to a buy rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $45.63.
CBRE Group (CBG) opened at $41.92 on Friday. CBRE Group has a twelve month low of $30.86 and a twelve month high of $46.60. The stock has a market capitalization of $14,440.59, a PE ratio of 18.07, a P/E/G ratio of 1.15 and a beta of 1.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66.
In other CBRE Group news, Director Holdings L.P. Valueact sold 406,702 shares of CBRE Group stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $42.81, for a total transaction of $17,410,912.62. Following the sale, the director now directly owns 267,446 shares of the company’s stock, valued at approximately $11,449,363.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Valueact Capital Master Fund, sold 882,206 shares of CBRE Group stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $42.84, for a total value of $37,793,705.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,960,687 shares of company stock worth $126,486,405. Insiders own 1.00% of the company’s stock.
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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