As of Thursday close, CBRE Group Inc.’s (NYSE:CBRE) stock was down -$2.91, moving down -3.73 percent to $75.18. The average number of shares traded per day over the past five days has been 1,634,540 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.57 fall in that time frame. In the last twenty days, the average volume was 1,806,280, while in the previous 50 days, it was 1,549,726.
Since last month, CBRE stock retreated -7.13%. Shares of the company fell to $75.15 on 09/21/23, the lowest level in the past month. A 52-week high of $89.58 was reached on 02/14/23 after having rallying from a 52-week low of $66.31. Since the beginning of this year, CBRE’s stock price has dropped by -2.31% or -$1.78, and marked a new high 10 times. However, the stock has declined by -16.08% since its 52-week high.
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CBRE stock investors should be aware that CBRE Group Inc. (CBRE) stock had its last reported insider trading activity 24 days ago on Aug 29. Boze Brandon B, the Director of the company, disposed of 1,200,000 shares for $84.41 on Aug 29. It resulted in a $101,292,000 divestment by the insider. Dhandapani Chandra sold 6,551 shares at an average price of $84.10 on Aug 11. The insider now owns 126,644 shares following the transaction. On Aug 03, Chief Accounting Officer Caplan Lindsey S sold 260 shares at $83.00 apiece. The transaction was valued at $21,580.
Valuation Metrics
Right now, CBRE Group Inc. (CBRE) has a P/E ratio of about 28.47. The stock’s beta is 1.37. Besides these, the trailing price-to-sales (P/S) ratio of 0.77, the price-to-book (PB) ratio of 2.89, and the price-to-cash flow ratio of 46.08 may also be considered.
Financial Health
In the three months ended June 29, CBRE Group Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.26, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 20.20% percent. In the year ended June 29, operating margins totaled 3.10%. Based on annual data, CBRE earned $6.59 billion in gross profit and brought in $30.83 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.60%. Return on equity (ROE) for the past 12 months was 10.70%.
In CBRE Group Inc.’s quarter-end financial report for June 29, it reported total debt of $2.06 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CBRE’s revenue fell -0.67% to $7.41 billion during the quarter, while net income inched up to $7.72 billion. While analysts expected CBRE Group Inc. to report $0.76 quarterly earnings, the actual figure was $0.82 per share, beating the consensus estimate by 7.90%. During the quarter, the company generated $461.96 million in EBITDA. The liabilities of CBRE Group Inc. were 12.84 billion at the end of its most recent quarter ended June 29, and its total debt was $5.48 billion. The value of shareholders’ equity is $309.84 million.
Technical Picture
This quick technical analysis looks at CBRE Group Inc.’s (CBRE) price momentum. With a historical volatility rate of 35.75%, the RSI 9-day stood at 18.85% on 21 September.
With respect to its five-day moving average, the current CBRE Group Inc. price is down by -5.73% percent or -$4.57. At present, CBRE shares trade -9.61% below its 20-day simple moving average and -1.93% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.02% below its SMA50 and -5.14% below its SMA200.
Stochastic coefficient K was 4.67% and Stochastic coefficient D was 7.80%, while ATR was 2.17. Given the Stochastic reading of 0.25% for the 14-day period, the RSI (14) reading has been calculated as 25.73%. As of today, the MACD Oscillator reading stands at -2.55, while the 14-day reading stands at -4.63.
Analyst Ratings
Citigroup launched its rating on CBRE Group Inc. (NYSE: CBRE) to a Buy in a note to investors on January 27, 2023. CBRE Group Inc. (CBRE) has been rated Overweight by analysts. According to 1 brokerage firm, CBRE is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate CBRE Group Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $93.00, the current consensus forecast for the stock is $86.00 – $100.00. Based on these forecasts, analysts predict CBRE Group Inc. (CBRE) will achieve an average price target of $93.43.
