News headlines about CBRE Group (NYSE:CBG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CBRE Group earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 47.2454293018782 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Watch for Cbre Group Inc-A to Potentially Rebound After Falling 1.68% Yesterday (mysmartrend.com)
- CBRE (CBG) & Kahua Ink Deal to Jointly Develop Application (finance.yahoo.com)
- Another Tysons auto dealership being primed for redevelopment (finance.yahoo.com)
- CBRE Group, Inc. : and Kahua Enter into a Long-Term, Global Agreement (4-traders.com)
- CBRE Group, Inc. and Kahua Enter into a Long-Term, Global Agreement (finance.yahoo.com)
Several analysts have commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 target price on shares of CBRE Group in a research note on Friday, July 21st. BidaskClub downgraded CBRE Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, July 7th. Barclays PLC raised their price target on CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, UBS AG began coverage on CBRE Group in a research note on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. CBRE Group currently has a consensus rating of “Hold” and a consensus price target of $39.60.
CBRE Group (NYSE:CBG) opened at 34.91 on Friday. The stock has a 50 day moving average price of $37.02 and a 200-day moving average price of $35.22. The stock has a market capitalization of $11.76 billion, a P/E ratio of 17.04 and a beta of 1.83. CBRE Group has a 1-year low of $25.40 and a 1-year high of $38.99.
CBRE Group (NYSE:CBG) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.12. CBRE Group had a return on equity of 26.40% and a net margin of 5.21%. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the firm earned $0.52 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that CBRE Group will post $2.57 EPS for the current year.
In other CBRE Group news, CFO Gil Borok sold 25,627 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $37.33, for a total value of $956,655.91. Following the sale, the chief financial officer now directly owns 76,651 shares of the company’s stock, valued at $2,861,381.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William F. Concannon sold 20,000 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $38.09, for a total transaction of $761,800.00. Following the completion of the sale, the chief executive officer now directly owns 233,896 shares in the company, valued at $8,909,098.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,627 shares of company stock worth $6,054,206. 1.00% of the stock is owned by insiders.
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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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