CBRE Group Inc. [NYSE: CBRE] slipped around -2.93 points on Wednesday, while shares priced at $69.85 at the close of the session, down -4.03%. The company report on October 27, 2022 that CBRE Group, Inc. Reports Financial Results for Third-Quarter 2022.
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GAAP EPS Rose 7% to $1.38.
CBRE Group Inc. stock is now -35.63% down from its year-to-date (YTD) trading value. CBRE Stock saw the intraday high of $73.59 and lowest of $69.85 per share. The company’s 52-week high price is 111.00, which means current price is +5.34% above from all time high which was touched on 01/04/22.
Compared to the average trading volume of 1.66M shares, CBRE reached a trading volume of 3629787 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about CBRE Group Inc. [CBRE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CBRE shares is $94.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CBRE stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for CBRE Group Inc. shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on July 22, 2022. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on April 05, 2022, representing the official price target for CBRE Group Inc. stock. Previously, the target price had yet another raise to $115, while Keefe Bruyette analysts kept a Outperform rating on CBRE stock.
The Average True Range (ATR) for CBRE Group Inc. is set at 2.48, with the Price to Sales ratio for CBRE stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 2.82, with the Price to Cash per share for the same quarter was set at 3.53. Price to Free Cash Flow for CBRE in the course of the last twelve months was 12.88 with Quick ratio for the last quarter at 1.10.
How has CBRE stock performed recently?
CBRE Group Inc. [CBRE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.85. With this latest performance, CBRE shares dropped by -4.94% in over the last four-week period, additionally sinking by -18.37% over the last 6 months – not to mention a drop of -31.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CBRE stock in for the last two-week period is set at 46.12, with the RSI for the last a single of trading hit 46.44, and the three-weeks RSI is set at 45.34 for CBRE Group Inc. [CBRE]. The present Moving Average for the last 50 days of trading for this stock 73.48, while it was recorded at 70.92 for the last single week of trading, and 82.79 for the last 200 days.
CBRE Group Inc. [CBRE]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and CBRE Group Inc. [CBRE] shares currently have an operating margin of +5.81 and a Gross Margin at +20.33. CBRE Group Inc.’s Net Margin is presently recorded at +6.62.
Return on Equity for this stock inclined to 23.54, with Return on Assets sitting at 9.16.
CBRE Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Earnings analysis for CBRE Group Inc. [CBRE]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CBRE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CBRE Group Inc. go to 11.00%.
Insider trade positions for CBRE Group Inc. [CBRE]
There are presently around $21,510 million, or 98.50% of CBRE stock, in the hands of institutional investors. The top three institutional holders of CBRE stocks are: VANGUARD GROUP INC with ownership of 52,403,412, which is approximately -1.412% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 31,288,900 shares of the stock with an approximate value of $2.19 billion in CBRE stocks shares; and STATE STREET CORP, currently with $1.0 billion in CBRE stock with ownership of nearly -1.781% of the company’s market capitalization.
Positions in CBRE Group Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 319 institutional holders increased their position in CBRE Group Inc. [NYSE:CBRE] by around 21,826,035 shares. Additionally, 373 investors decreased positions by around 21,109,649 shares, while 102 investors held positions by with 265,009,338 shares. The mentioned changes placed institutional holdings at 307,945,022 shares, according to the latest SEC report filing. CBRE stock had 54 new institutional investments in for a total of 4,867,374 shares, while 91 institutional investors sold positions of 4,774,657 shares during the same period.