The stock of CBRE Group Inc. (NYSE:CBRE) increased by $0.23 on Friday to finish at $84.53, up 0.27 percent. The last five days have seen an average of 1,098,600 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $7.57. The average number of shares traded over the last 20 days was 1,449,060, while the average volume over the last 50 days totaled 1,642,576.
CBRE stock dropped -4.27% since last month. On 08/01/23, the company’s shares reached a one-month low of $81.48. The stock touched a high of $89.58 on 02/14/23, after rallying from a low of $66.31 in 52 weeks. The price of CBRE stock has risen by 9.84% or $7.57 this year, reaching a new high 10 times. Still, the stock price is down -5.64% 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 11 days ago on Aug 03. On Aug 03, Chief Accounting Officer Caplan Lindsey S sold 260 shares at $83.00 each. This transaction resulted in the insider making $21,580. On Aug 02, Caplan Lindsey S sold 1,305 shares at a price of US$83.08. After the transaction, the insider now owns 17,215 shares. Director Boze Brandon B had earlier sold 3,400,000 shares on Aug 01 for $80.80 a share. The transaction was completed for $274,720,000.
Valuation Metrics
CBRE Group Inc. (CBRE) has a trailing price-to-earnings (P/E) ratio of 32.01. Beta for the stock is 1.36. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.85, the price-to-book (PB) ratio of 3.24, and the price-to-cash flow ratio of 50.81.
Financial Health
For the three months ended June 29, CBRE Group Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.26, and the total debt to equity ratio is 0.52. As far as profitability goes, gross margin for the trailing twelve months is 20.20% percent. CBRE Group Inc.’s operating margin stood at 3.10% for the same period. Based on annual data, it had gross profit of $6.59 billion and revenue of $30.83 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CBRE’s return on assets (ROA) during the last 12 months has been 4.10%. There was a 12.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.70%.
Earnings Surprise
According to CBRE Group Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $7.72 billion, while revenues fell by -0.67% to $7.41 billion. It was predicted that CBRE Group Inc.’s quarterly earnings would be $0.82, but it ended up being $0.76, beating the consensus by 7.90%. EBITDA was $461.96 million for the quarter. At the end of CBRE Group Inc.’s most recent quarter ended June 29, its liabilities totaled 12.84 billion, while its total debt was $5.48 billion. Equity owned by shareholders amounts to $309.84 million.
Technical Picture
Here’s a quick look at CBRE Group Inc.’s (CBRE) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 50.38%, suggesting the stock is Neutral, with a 9.47% historical volatility rate.
The stochastic %K and %D were 37.75% and 39.94% respectively, while the average true range (ATR) was 1.76. Based on the 14-day stochastic reading of 40.78%, the RSI (14) reading is 52.65%. On the 9-day MACD Oscillator, the stock is at 0.21, and the 14-day reading is at -0.15.
Analyst Ratings
In its analyst report released on January 27, 2023, Citigroup began covering CBRE Group Inc. (NYSE: CBRE). The stock was rated as a Buy by the brokerage firm. Analysts have assigned CBRE Group Inc. (CBRE) an Overweight rating. CBRE is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is CBRE’s price target for the next 12 months?
The current consensus forecast for the stock is between $89.00 and $100.00, with a median target price of $94.00. In analyzing these forecasts, the average price target given by analysts for CBRE Group Inc. (CBRE) is $94.57.
