CBRE Group (NYSE:CBRE) released its earnings results on Friday. The financial services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02), MarketWatch Earnings reports. CBRE Group had a return on equity of 21.37% and a net margin of 5.23%. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the business earned $0.81 earnings per share. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year.
Shares of CBRE stock opened at $43.81 on Friday. CBRE Group has a 12-month low of $29.17 and a 12-month high of $64.75. The company has a market capitalization of $14.68 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.62 and a beta of 1.73. The firm has a 50-day moving average price of $44.87 and a 200 day moving average price of $48.08. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.28.
A number of analysts have commented on CBRE shares. Raymond James reduced their price objective on CBRE Group from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods reduced their target price on CBRE Group from $52.00 to $51.00 and set a “market perform” rating for the company in a research report on Friday, May 8th. Zacks Investment Research lowered shares of CBRE Group from a “hold” rating to a “sell” rating and set a $46.00 price target on the stock. in a report on Tuesday, April 14th. Cfra cut shares of CBRE Group from a “hold” rating to a “sell” rating and dropped their price objective for the company from $57.00 to $35.00 in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. lowered shares of CBRE Group from an “overweight” rating to a “neutral” rating in a research report on Sunday, April 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $48.29.
About CBRE Group
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.
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