The stock of CBRE Group Inc (CBRE) has seen a -0.82% decrease in the past week, with a 0.99% gain in the past month, and a -8.36% decrease in the past quarter. The volatility ratio for the week is 2.15%, and the volatility levels for the past 30 days are at 1.99% for CBRE. The simple moving average for the last 20 days is -0.42% for CBRE stock, with a simple moving average of 3.06% for the last 200 days.
Is It Worth Investing in CBRE Group Inc (NYSE: CBRE) Right Now?
CBRE Group Inc (NYSE: CBRE) has a price-to-earnings ratio of 27.28x that is above its average ratio. Additionally, the 36-month beta value for CBRE is 1.40. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CBRE is 304.63M and currently, short sellers hold a 2.02% ratio of that float. The average trading volume of CBRE on July 04, 2024 was 1.68M shares.
CBRE) stock’s latest price update
The stock price of CBRE Group Inc (NYSE: CBRE) has surged by 0.42 when compared to previous closing price of 87.08, but the company has seen a -0.82% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-07-03 that NEW YORK, July 3, 2024 /PRNewswire/ — MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) (the “Fund”) has announced a webinar with the portfolio management team, led by Jeremy Anagnos, Principal, CIO, Listed Infrastructure and David Leggette, Lead Product Strategist, to be held on Thursday, July 18, 2024 at 4:00 PM ET. During the webinar, the team will provide an update on the portfolio and outlook for the year ahead.
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 -0.50% 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 -11.35% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares surge +2.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.57% upper at present.
During the last 5 trading sessions, CBRE fell by -0.88%, which changed the moving average for the period of 200-days by +11.44% in comparison to the 20-day moving average, which settled at $87.91. In addition, CBRE Group Inc saw -6.06% 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 Queenan Daniel G, who sale 10,000 shares at the price of $88.64 back on Jun 03 ’24. After this action, Queenan Daniel G now owns 227,094 shares of CBRE Group Inc, valued at $886,400 using the latest closing price.
Giamartino Emma E., the Chief Financial Officer of CBRE Group Inc, sale 704 shares at $93.36 during a trade that took place back on Mar 12 ’24, which means that Giamartino Emma E. is holding 71,646 shares at $65,725 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 12.35, with 4.52 for asset returns.
Based on CBRE Group Inc (CBRE), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 8.06.
Currently, EBITDA for the company is 1.76 billion with net debt to EBITDA at 2.79. When we switch over and look at the enterprise to sales, we see a ratio of 0.99. The receivables turnover for the company is 4.47for trailing twelve months and the total asset turnover is 1.41.
Conclusion
In conclusion, CBRE Group Inc (CBRE) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
