Somewhat Favorable Media Coverage Somewhat Unlikely to Impact CBRE Group (CBG) Share Price
News coverage about CBRE Group (NYSE:CBG) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CBRE Group earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.3575828432182 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Stocks Generating Improved Relative Strength: CBRE (finance.yahoo.com)
- CBRE Group (CBG) and its Rivals Head to Head Contrast (americanbankingnews.com)
- One of the largest development sites in the Navy Yard area offered for sale (bizjournals.com)
- CBRE Group, Inc. to Present at Barclays Global Financial Services Conference (finance.yahoo.com)
- CBRE Group, Inc. (CBG) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
Several brokerages have commented on CBG. UBS AG began coverage on shares of CBRE Group in a research report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price target on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $36.00 price target on shares of CBRE Group in a research report on Friday, July 21st. Wedbush reissued an “outperform” rating and set a $38.00 price target on shares of CBRE Group in a research report on Wednesday, August 2nd. Barclays PLC boosted their price target on shares of CBRE Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Finally, Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. CBRE Group presently has an average rating of “Hold” and a consensus target price of $39.60.
CBRE Group (NYSE CBG) opened at 36.99 on Tuesday. CBRE Group has a 1-year low of $25.40 and a 1-year high of $38.99. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 18.05 and a beta of 1.83. The stock’s 50 day moving average is $36.47 and its 200 day moving average is $35.56.
CBRE Group (NYSE:CBG) last released its quarterly earnings results 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 company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the firm earned $0.52 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Analysts predict that CBRE Group will post $2.57 EPS for the current fiscal year.
In related news, insider Michael J. Lafitte sold 27,775 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $35.71, for a total transaction of $991,845.25. Following the completion of the sale, the insider now owns 308,567 shares in the company, valued at $11,018,927.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert E. Sulentic sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $35.91, for a total transaction of $3,231,900.00. Following the sale, the insider now owns 833,590 shares of the company’s stock, valued at approximately $29,934,216.90. The disclosure for this sale can be found here. Insiders have sold 217,648 shares of company stock worth $7,912,743 over the last three months. 1.00% of the stock is owned by insiders.
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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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