CBRE Group Inc. (NYSE:CBRE) finished Wednesday with an addition of $0.91 to close at $84.99, an upside of 1.08 percent. An average of 1,017,721 shares of common stock have been traded in the last five days. There was a gain of $1.73 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,410,690 shares traded, while the 50-day average volume stands at 1,691,646.
CBRE stock has decreased by -1.67% in the last month. The company shares reached their 1-month lowest point of $81.48 on 08/01/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $66.31 and a high of $89.58 in 52 weeks. It has reached a new high 10 times so far this year and achieved 10.43% or $8.38 in price. In spite of this, the price is down -5.13% from the 52-week high.
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Insider Transactions
CBRE stock investors should be aware that CBRE Group Inc. (CBRE) stock had its last reported insider trading activity 7 days ago on Aug 03. In this transaction, the insider spent $21,580. Chief Accounting Officer, Caplan Lindsey S, disposed of 1,305 shares at a price of $83.08 on Aug 02. The insider now owns more than $108,419 worth of shares. Prior to that, Director Boze Brandon B went on to Sale 3,400,000 shares at $80.80 each on Aug 01. An amount of $274,720,000 was transacted.
Valuation Metrics
CBRE Group Inc. (CBRE) has a trailing price-to-earnings (P/E) ratio of 32.18. The stock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.85, the price-to-book (PB) ratio at 3.26, and the price-to-cash flow ratio at 51.03.
Financial Health
The quick ratio of CBRE Group Inc. for the three months ended June 29 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 0.52 for the quarter ending June 29. Its gross profit as reported stood at $6.59 billion compared to revenue of $30.83 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CBRE Group Inc.’s return on assets was 4.10%.
Earnings Surprise
For the three-month period that ended June 29, CBRE Group Inc. had $2.06 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $201.4 million in the quarter, while revenues of $116.89 million were shrunk -141.97%. The analyst consensus anticipated CBRE Group Inc.’s latest quarter earnings to come in at $0.76 per share, but it turned out to be $0.82, a 7.90% surprise. For the quarter, EBITDA amounted to $461.96 million. Shareholders own equity worth $309.84 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at CBRE Group Inc. (CBRE) price momentum. RSI 9-day as of the close on 09 August was 55.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 11.89%.
As of today, CBRE’s price is $84.67 +2.07% or $1.73 from its 5-day moving average. CBRE is currently trading -3.35% lower than its 20-day SMA and +15.53% higher than its 100-day SMA. However, the stock’s current price level is +13.71% above the SMA50 and +23.13% above the SMA200.
The stochastic %K and %D were 44.51% and 42.60%, respectively, and the average true range (ATR) was 1.79. With the 14-day stochastic at 51.60% and the average true range at 1.80, the RSI (14) stands at 55.70%. The stock has reached 0.75 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.
Analyst Ratings
Citigroup launched coverage on CBRE Group Inc. (NYSE: CBRE) in its analyst report released on January 27, 2023. The firm assigned the stock a Buy rating. The consensus rating for CBRE Group Inc. (CBRE) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CBRE, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is CBRE’s price target for the next 12 months?
Analysts predict a range of price targets between $89.00 and $100.00, with a median target of $93.00. Taking a look at these predictions, the average price target given by analysts for CBRE Group Inc. (CBRE) stock is $93.43.
