CBRE Group (CBG) Given News Impact Rating of 0.60
Press coverage about CBRE Group (NYSE:CBG) has trended very positive on Saturday, according to Alpha One. The research group, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CBRE Group earned a news sentiment score of 0.60 on Alpha One’s scale. Alpha One also gave press coverage about the financial services provider an impact score of 95 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the near term.
CBRE Group (NYSE:CBG) traded down 0.11% during mid-day trading on Friday, hitting $35.05. The stock had a trading volume of 2,612,411 shares. The company has a 50-day moving average of $35.02 and a 200-day moving average of $33.53. The firm has a market cap of $11.81 billion, a PE ratio of 19.16 and a beta of 1.79. CBRE Group has a 12-month low of $24.11 and a 12-month high of $36.81.
CBRE Group (NYSE:CBG) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.91 billion. CBRE Group had a return on equity of 26.31% and a net margin of 4.69%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share. Analysts expect that CBRE Group will post $2.43 earnings per share for the current year.
Several analysts have commented on CBG shares. Keefe, Bruyette & Woods reissued a “hold” rating on shares of CBRE Group in a report on Thursday, March 16th. Zacks Investment Research cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of CBRE Group in a research note on Monday, April 17th.
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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.
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