CBRE Group Inc (NYSE: CBRE) has seen a decline in its stock price by -1.71 in relation to its previous close of 86.99. However, the company has experienced a -11.12% decline in its stock price over the last five trading sessions. CNBC Television reported 2024-04-16 that Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC’s “Halftime Report” to explain why he sold the commercial real estate name.
Is It Worth Investing in CBRE Group Inc (NYSE: CBRE) Right Now?
The price-to-earnings ratio for CBRE Group Inc (NYSE: CBRE) is 26.99x, which is above its average ratio. Moreover, the 36-month beta value for CBRE is 1.44. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CBRE is 303.05M and currently, short sellers hold a 1.75% of that float. On April 17, 2024, CBRE’s average trading volume was 1.63M shares.
CBRE’s Market Performance
CBRE stock saw a decrease of -11.12% in the past week, with a monthly decline of -8.27% and a quarterly a decrease of 0.08%. The volatility ratio for the week is 2.68%, and the volatility levels for the last 30 days are 2.05% for CBRE Group Inc (CBRE). The simple moving average for the last 20 days is -9.53% for CBRE stock, with a simple moving average of 1.86% for the last 200 days.
Analysts’ Opinion of CBRE
Many brokerage firms have already submitted their reports for CBRE stocks, with Jefferies repeating the rating for CBRE by listing it as a “Hold.” The predicted price for CBRE in the upcoming period, according to Jefferies is $107 based on the research report published on April 10, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see CBRE reach a price target of $96, previously predicting the price at $79. The rating they have provided for CBRE stocks is “In-line” according to the report published on January 03rd, 2024.
Citigroup gave a rating of “Buy” to CBRE, setting the target price at $100 in the report published on January 27th of the previous year.
CBRE Trading at -7.03% from the 50-Day Moving Average
After a stumble in the market that brought CBRE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.33% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -8.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.59% upper at present.
During the last 5 trading sessions, CBRE fell by -11.12%, which changed the moving average for the period of 200-days by +6.48% in comparison to the 20-day moving average, which settled at $94.12. In addition, CBRE Group Inc saw -8.15% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CBRE starting from Giamartino Emma E., who sale 704 shares at the price of $93.36 back on Mar 12 ’24. After this action, Giamartino Emma E. now owns 71,646 shares of CBRE Group Inc, valued at $65,725 using the latest closing price.
Giamartino Emma E., the Chief Financial Officer of CBRE Group Inc, sale 2,667 shares at $93.53 during a trade that took place back on Mar 11 ’24, which means that Giamartino Emma E. is holding 72,350 shares at $249,443 based on the most recent closing price.
Stock Fundamentals for CBRE
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.19 for the gross margin
The net margin for CBRE Group Inc stands at 0.03. The total capital return value is set at 0.09. Equity return is now at value 12.23, with 4.58 for asset returns.
Based on CBRE Group Inc (CBRE), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 8.38.
Currently, EBITDA for the company is 1.76 billion with net debt to EBITDA at 1.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. The receivables turnover for the company is 4.39for trailing twelve months and the total asset turnover is 1.42.
Conclusion
To wrap up, the performance of CBRE Group Inc (CBRE) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
