Research Analysts Issue Forecasts for CBRE Group Inc’s Q1 2018 Earnings (CBG)

CBRE Group Inc (NYSE:CBG) – Research analysts at William Blair issued their Q1 2018 earnings per share estimates for shares of CBRE Group in a report issued on Thursday. William Blair analyst S. Sheldon forecasts that the financial services provider will earn $0.56 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for CBRE Group’s Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.72 EPS and Q4 2018 earnings at $1.15 EPS.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, January 10th. Barclays lifted their target price on CBRE Group from $47.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Raymond James Financial began coverage on CBRE Group in a report on Tuesday, February 6th. They issued an “outperform” rating and a $55.00 target price for the company. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Friday. Finally, JMP Securities downgraded CBRE Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.50.

Shares of CBRE Group (NYSE CBG) opened at $41.90 on Monday. The firm has a market capitalization of $14,220.00, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.83. The company has a quick ratio of 1.28, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. CBRE Group has a 1-year low of $32.30 and a 1-year high of $46.60.

CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share.

In other news, insider Robert E. Sulentic sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $43.16, for a total transaction of $1,942,200.00. Following the completion of the sale, the insider now owns 637,971 shares in the company, valued at $27,534,828.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Valueact Capital Master Fund, sold 882,206 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $42.84, for a total value of $37,793,705.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,960,687 shares of company stock valued at $126,486,405. 1.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invictus RG bought a new stake in shares of CBRE Group during the third quarter valued at approximately $104,000. Fieldpoint Private Securities LLC bought a new stake in shares of CBRE Group during the third quarter valued at approximately $104,000. Cerebellum GP LLC bought a new stake in shares of CBRE Group during the fourth quarter valued at approximately $127,000. Tower Research Capital LLC TRC increased its holdings in shares of CBRE Group by 818.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,059 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 2,726 shares in the last quarter. Finally, Zions Bancorporation increased its holdings in shares of CBRE Group by 5,136.8% during the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 3,493 shares in the last quarter. Hedge funds and other institutional investors own 94.66% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/12/research-analysts-issue-forecasts-for-cbre-group-incs-q1-2018-earnings-cbg.html.

CBRE Group Company Profile

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.

Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply