CBRE Group (CBRE) Scheduled to Post Quarterly Earnings on Thursday

CBRE Group (NYSE:CBREGet Free Report) is scheduled to announce its earnings results before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of $1.22 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

CBRE Group Stock Performance

Shares of CBRE stock opened at $88.25 on Tuesday. The company’s 50 day moving average is $87.27 and its 200 day moving average is $81.10. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 47.19 and a beta of 1.43. CBRE Group has a 52-week low of $64.63 and a 52-week high of $94.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Belpointe Asset Management LLC grew its stake in shares of CBRE Group by 57.4% during the 1st quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 182 shares during the period. GeoWealth Management LLC acquired a new position in shares of CBRE Group in the first quarter worth about $48,000. Money Concepts Capital Corp boosted its stake in shares of CBRE Group by 87.9% during the 4th quarter. Money Concepts Capital Corp now owns 810 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 379 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of CBRE Group during the 2nd quarter worth about $66,000. Finally, Covestor Ltd grew its position in shares of CBRE Group by 78.5% during the 1st quarter. Covestor Ltd now owns 1,085 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 477 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CBRE. Raymond James upped their price objective on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. Evercore ISI lowered shares of CBRE Group from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $79.00 to $96.00 in a research note on Wednesday, January 3rd. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Finally, UBS Group lowered their target price on shares of CBRE Group from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, November 22nd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.29.

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CBRE Group Company Profile

(Get Free Report)

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices; industrial and retail space; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, lease administration, accounting, and financial services for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.

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Earnings History for CBRE Group (NYSE:CBRE)

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