Bloomberg reports that the eight rating agencies currently monitoring the company have given CBRE Group, INC (NYSE: CBRE) a rating of “Moderate Buy” as their overall recommendation for the company.
This rating represents the consensus rating among the rating agencies.
The company has six ratings:
Three analysts have given it a hold rating.
Two analysts have given it a buy rating.
One analyst has given it a strong buy rating.
The average one-year price objective for the stock established by brokerages that have updated their stock coverage during the past year is $92.43 per share.
This price objective was established by brokerages that updated their stock coverage during the past year.
Recently, several prominent investors have changed the number of shares in the company they currently own.
These changes were made in response to recent market activity.
During the third quarter, Guardian Financial Advisors LLC spent roughly $27,000 to acquire a new interest in CBRE Group.
The company itself made the purchase. CI Investments INC increased the amount of CBRE Group stock owned by 976.9% during the third quarter of the fiscal year. CI Investments INC now has 420 shares of stock in the financial services company after purchasing an additional 381 shares during the period in question, bringing the company’s total holdings to 420.
These shares are currently worth $28,000, which is their market value.
During the second quarter, Private Trust Co NA provided CBRE Group with a contribution of $31,000.
During the second quarter of 2018, SeaCrest Wealth Management LLC invested in CBRE Group, totaling $32,000.
This investment was made in the company’s common stock.
In addition, during the third quarter, Edge Capital Group LLC invested $37,000 in CBRE Group.
This investment was made during the same period. Hedge funds and other institutional investors own 96.07% of the company’s shares.
CBRE has been in contact with various other brokerages to obtain their feedback. Raymond James stated that they would lower their price objective and grade the company as a “strong buy” in a research note disseminated on Friday, January 20.
This information was included in the distribution of the note. Keefe, Bruyette & Woods downgraded the stock of CBRE Group from “outperform” to “market perform,” They also lowered their price target, which was previously set at $92,000, to $88,000.
A report that was based on research was made public on January 26, which was a Thursday. On Friday, January 27, Citigroup released a research report that initiated coverage of CBRE Group shares.
They suggested investing in the company by clicking the “buy” button and establishing a price target of $100.00. JPMorgan Chase & Co raised their price objective on CBRE Group shares from $80.00 to $89.00 and gave the stock a “neutral” rating in a research report published on Friday, March 3.
The report was about the company’s investment strategy.
It wasn’t until Thursday of the following week that StockNews.com began reporting on CBRE Group shares.
They recommended that shareholders “hold” their shares of the company.
On Friday, the NYSE CBRE opened with a price of $73.87 at the beginning of trading.
The stock is trading at 17.30 times its trailing 12-month earnings and has a beta coefficient of 1.38.
The stock is currently valued at $22.89 billion on the market.
The simple moving average for the company over the past 200 days is $79.50, and the simple moving average over the last 50 days is $84.26.
The value of the current ratio is 1.03; the value of the quick ratio is also 1.03; and the value of the debt-to-equity ratio is 0.13. CBRE Group’s stock price has ranged from $66.31 to $94.21 over the past 52 weeks, with a low of $66.31 and a high of $94.21.
On Thursday, February 23, CBRE Group announced the release of its most recent quarterly earnings report. CBRE Group shares are traded on the New York Stock Exchange (NYSE) under the “CBRE.” The company that provides financial services reported earnings per share for the quarter of $1.33, which was $0.14 higher than the consensus estimate of $1.19 provided by industry professionals.
The company’s quarterly sales came in at $8.19 billion, significantly higher than the consensus projection made by industry analysts, which was $7.97 billion. CBRE Group had a return on equity of 21.07%, and the company’s net margin was the same as the return on equity: 21.07%. Compared to the sales from the same quarter the previous year, the company experienced a 4.2% decrease.
The company reported a profit of $2.19 per share during the same period in the prior year’s financial statements. CBRE Group is expected to rake in a profit of $5 per share for the current fiscal year, as stated by the projections of equity research professionals.
CBRE Group, INC is a company that offers investment services and operates in the commercial real estate industry.
The company is broken up into three distinct business divisions: advisory services, real estate investments, and global workplace solutions. On a global scale, the following markets are serviced by the Advisory Services Segment’s offerings: capital markets (property sales and mortgage origination, sales, and servicing); property management; project management services; valuation services; and valuation services.