During the last session, CBRE Group Inc (NYSE:CBRE)’s traded shares were 0.88 million, with the beta value of the company hitting 1.41. At the end of the trading day, the stock’s price was $121.93, reflecting an intraday gain of 2.02% or $2.42. The 52-week high for the CBRE share is $125.43, that puts it down -2.87 from that peak though still a striking 46.99% gain since the share price plummeted to a 52-week low of $64.63. The company’s market capitalization is $37.36B, and the average intraday trading volume over the past 10 days was 1.46 million shares, and the average trade volume was 1.62 million shares over the past three months.
CBRE Group Inc (CBRE) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.17. CBRE has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.06.
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CBRE Group Inc (NYSE:CBRE) trade information
CBRE Group Inc (CBRE) registered a 2.02% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.02% in intraday trading to $121.93, hitting a weekly high. The stock’s 5-day price performance is 0.90%, and it has moved by 3.79% in 30 days. Based on these gigs, the overall price performance for the year is 65.10%. The short interest in CBRE Group Inc (NYSE:CBRE) is 4.99 million shares and it means that shorts have 2.91 day(s) to cover.
The consensus price target of analysts on Wall Street is $115, which implies a decrease of -6.03% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $95 and $132 respectively. As a result, CBRE is trading at a discount of -8.26% off the target high and 22.09% off the low.
CBRE Group Inc (CBRE) estimates and forecasts
Statistics show that CBRE Group Inc has outperformed its competitors in share price, compared to the industry in which it operates. CBRE Group Inc (CBRE) shares have gone up 36.40% during the last six months, with a year-to-date growth rate more than the industry average at 23.70% against 8.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 47.20% this quarter and then jump 55.10% in the quarter after that. In the rating firms’ projections, revenue will increase 11.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 8.8B as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 10.26B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.87B and 8.95B respectively. In this case, analysts expect current quarter sales to grow by 11.80% and then jump by 14.60% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 0.36%. While earnings are projected to return 24.41% in 2024, the next five years will return 11.00% per annum.
CBRE Dividends
CBRE Group Inc is due to release its next quarterly earnings on 2024-Oct-24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
CBRE Group Inc (NYSE:CBRE)’s Major holders
CBRE Group Inc insiders own 0.55% of total outstanding shares while institutional holders control 98.95%, with the float percentage being 99.50%. VANGUARD GROUP INC is the largest shareholder of the company, while 1161.0 institutions own stock in it. As of 2024-06-30, the company held over 48.42 million shares (or 15.8336% of all shares), a total value of $4.31 billion in shares.
The next largest institutional holding, with 29.48 million shares, is of BLACKROCK INC.’s that is approximately 9.6407% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.63 billion.
