CBRE Group (CBRE) to Release Earnings on Thursday

CBRE Group (NYSE:CBRE) is projected to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $2.20 per share and revenue of $10.29 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

CBRE Group Trading Up 0.8 %

NYSE:CBRE opened at $143.86 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $135.56 and a 200-day simple moving average of $126.67. CBRE Group has a 12 month low of $84.21 and a 12 month high of $147.75. The company has a market capitalization of $44.02 billion, a P/E ratio of 46.26 and a beta of 1.39.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on CBRE. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods upped their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Citigroup upped their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average target price of $148.56.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis 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.