The price of CBRE Group Inc (NYSE: CBRE) closed at $90.68 in the last session, down -0.71% from day before closing price of $91.33. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 1629336 shares were traded.
Ratios:
We take a closer look at CBRE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 121.05. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on April 10, 2024, initiated with a Hold rating and assigned the stock a target price of $107.
On January 03, 2024, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also upped its target price recommendation from $79 to $96.
On January 27, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $100.Citigroup initiated its Buy rating on January 27, 2023, with a $100 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 12 ’24 when Giamartino Emma E. sold 704 shares for $93.36 per share. The transaction valued at 65,725 led to the insider holds 71,646 shares of the business.
Giamartino Emma E. sold 2,667 shares of CBRE for $249,443 on Mar 11 ’24. The Chief Financial Officer now owns 72,350 shares after completing the transaction at $93.53 per share. On Feb 22 ’24, another insider, Durburg John E, who serves as the CEO, Advisory Services of the company, sold 25,000 shares for $92.20 each. As a result, the insider received 2,305,058 and left with 207,856 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CBRE now has a Market Capitalization of 27.72B and an Enterprise Value of 31.28B. As of this moment, CBRE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.62, and their Forward P/E ratio for the next fiscal year is 15.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 3.34. Its current Enterprise Value per Revenue stands at 0.98 whereas that against EBITDA is 18.27.
Stock Price History:
Over the past 52 weeks, CBRE has reached a high of $98.65, while it has fallen to a 52-week low of $64.63. The 50-Day Moving Average of the stock is 91.89, while the 200-Day Moving Average is calculated to be 83.84.
Shares Statistics:
According to the various share statistics, CBRE traded on average about 1.63M shares per day over the past 3-months and 1.27M shares per day over the past 10 days. A total of 304.89M shares are outstanding, with a floating share count of 303.05M. Insiders hold about 0.86% of the company’s shares, while institutions hold 100.70% stake in the company. Shares short for CBRE as of Mar 28, 2024 were 5.3M with a Short Ratio of 3.25, compared to 4.99M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.73% and a Short% of Float of 2.09%.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.69 for the current quarter, with a high estimate of $0.76 and a low estimate of $0.61, while EPS last year was $0.92. The consensus estimate for the next quarter is $0.95, with high estimates of $1.04 and low estimates of $0.85.
Analysts are recommending an EPS of between $4.55 and $3.6 for the fiscal current year, implying an average EPS of $4.37. EPS for the following year is $5.53, with 8 analysts recommending between $6.15 and $4.54.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $7.93B. It ranges from a high estimate of $8.13B to a low estimate of $7.62B. As of the current estimate, CBRE Group Inc’s year-ago sales were $7.09B, an estimated increase of 11.90% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $8.42B, an increase of 15.40% over than the figure of $11.90% in the same quarter last year. There is a high estimate of $8.8B for the next quarter, whereas the lowest estimate is $8B.
A total of 7 analysts have provided revenue estimates for CBRE’s current fiscal year. The highest revenue estimate was $36.58B, while the lowest revenue estimate was $33.33B, resulting in an average revenue estimate of $35.25B. In the same quarter a year ago, actual revenue was $31.95B, up 10.30% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $38.6B in the next fiscal year. The high estimate is $40.74B and the low estimate is $34.93B. The average revenue growth estimate for next year is up 9.50% from the average revenue estimate for this year.
