A new trading day began on May 19, 2023, with CBRE Group Inc. (NYSE: CBRE) stock priced at $77.44, up 0.61% from the previous day of trading. During the day, the shares moved up to $78.06 and dropped to $76.2625 before settling in for the closing price of $76.81. CBRE’s price has ranged from $66.31 to $89.58 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Real Estate sector was 10.60%. Meanwhile, its annual earnings per share averaged -20.60%. With a float of $307.90 million, this company’s outstanding shares have now reached $310.46 million.
Considering the fact that the conglomerate employs 115000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +19.38, operating margin of +4.43, and the pretax margin is +5.38.
CBRE Group Inc. (CBRE) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Real Estate Services Industry. The insider ownership of CBRE Group Inc. is 0.10%, while institutional ownership is 99.20%. The most recent insider transaction that took place on Dec 01, was worth 400,400. In this transaction CEO, Real Estate Investments of this company sold 5,000 shares at a rate of $80.08, taking the stock ownership to the 178,841 shares. Before that another transaction happened on Sep 01, when Company’s CEO, Real Estate Investments sold 5,000 for $78.26, making the entire transaction worth $391,300. This insider now owns 183,841 shares in total.
CBRE Group Inc. (CBRE) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2023, the company reported earnings of $0.92 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +4.57 while generating a return on equity of 17.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.28 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -20.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.00% during the next five years compared to 11.70% growth over the previous five years of trading.
CBRE Group Inc. (NYSE: CBRE) Trading Performance Indicators
Here are CBRE Group Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.77. Likewise, its price to free cash flow for the trailing twelve months is 23.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.48, a number that is poised to hit 0.93 in the next quarter and is forecasted to reach 5.79 in one year’s time.
Technical Analysis of CBRE Group Inc. (CBRE)
Compared to the last year’s volume of 1.68 million, its volume of 2.13 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 94.89%. Additionally, its Average True Range was 1.87.
During the past 100 days, CBRE Group Inc.’s (CBRE) raw stochastic average was set at 46.87%, which indicates a significant decrease from 88.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.63% in the past 14 days, which was lower than the 30.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $72.83, while its 200-day Moving Average is $77.21. Nevertheless, the first resistance level for the watch stands at $78.14 in the near term. At $79.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $79.94. If the price goes on to break the first support level at $76.34, it is likely to go to the next support level at $75.40. Should the price break the second support level, the third support level stands at $74.54.
CBRE Group Inc. (NYSE: CBRE) Key Stats
With a market capitalization of 23.87 billion, the company has a total of 310,832K Shares Outstanding. Currently, annual sales are 30,828 M while annual income is 1,407 M. The company’s previous quarter sales were 7,411 M while its latest quarter income was 116,890 K.
