Market Analysts see CBRE Group Inc. [CBRE] falling to $110. Time to buy?
CBRE Group Inc. [NYSE: CBRE] It rose 2.41% in the last trading session, reaching $70.18 per share price at that time. Company report on September 15, 2022 That MainStay CBRE Global Infrastructure Megatrends (NYSE: MEGI) announces its monthly distribution for September 2022 and the availability of 19(a) notice.
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MainStay CBRE Global Infrastructure Megatrends Fund (“the Fund”) (NYSE: MEGI) today announced the fund’s monthly distribution for September 2022 of $0.1083 per common share. The dividend reflects an annual dividend rate of 6.5% based on an initial public offering (IPO) price of $20.00 per share.
CBRE Group Inc. 325.42 million shares traded, while the company’s total market capitalization is $23.03 billion with the latest information. CBRE stock price is found in the range from $68.06 to $70.46.
If compared to the average trading volume of 1.55 million shares, CBRE reached a trading volume of 3,108,945 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what top stock market experts are saying about CBRE Group Inc. [CBRE]:
Based on careful and fact-backed analysis by Wall Street experts, the current consensus on a target price for CBRE shares is $101.17 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on CBRE stock is a set recommendation at 1.90. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Raymond James has made an appreciation for the shares of CBRE Group Inc. , retaining their opinion of the stock as a strong buy, with their previous recommendation back on July 22, 2022. While these analysts retained their previous recommendation, Goldman raised their target price to buy. The new note about price target was released on April 5, 2022, which is the official target price for CBRE Group Inc.’s stock. Previously, the target price had received another boost to $115, while Keefe Bruyette analysts maintained Outperform’s rating on CBRE stock.
The Average True Range (ATR) is set for CBRE Group Inc. at 2.20, with a price-to-sales ratio for CBRE stock in the last twelve months of 0.76. The price-to-book ratio for the fourth quarter was 2.81, with the price-to-cash-to-cash ratio for the same quarter set at 3.63. CBRE’s free cash flow rate for the past 12 months was 11.71 with a Q4 quick ratio of 1.20.
CBRE stock trading performance analysis
CBRE Group Inc. [CBRE] It fell into the red at the end of last week, fell in a negative direction and fell by -3.88. With this latest performance, CBRE shares are down -11.65% over the past four-week period, and are also down -24.82% over the past six months – not to mention a -27.81% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for CBRE stock for the last two weeks was set at 31.07, with the RSI for the last one traded at 28.83, and the three-week RSI for CBRE Group Inc. was set at 34.33. [CBRE]. The current moving average for the last 50 trading days for this stock is 80.42 while it recorded at 70.12 for the last trading week, and 87.22 for the last 200 days.
CBRE Group Inc. [CBRE]A deeper look at fundamental analysis
Operating margin for any stock indicates how profitable the investment is, and CBRE Group Inc. [CBRE] The stock currently has an operating margin of +5.81 and a gross margin of +20.33. CBRE Group Inc. reported net margin. Currently at +6.62.
The return on equity for this stock fell to 23.54, with the return on assets remaining at 9.16.
The liquidity data of CBRE Group Inc. Interesting too, with the quick ratio at 1.20 and the current ratio at 1.20.
CBRE Group Inc. [CBRE]Earnings per share (EPS) analysis
The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for CBRE. When it comes to the stated value, analysts expect 5-year EPS growth to rise for CBRE Group Inc. to 11.00%.
Insider ownership analysis of CBRE Group Inc. [CBRE]
There are currently approximately $21.724 million, or 99.90% of CBRE’s stock, in the hands of institutional investors. The three largest corporate owners of CBRE shares are: VANGUARD GROUP INC with 52403.412 ownership, approximately 1.412% of the company’s market capitalization and approximately 0.20% of the total corporate ownership; BLACKROCK INC. , which owns 31,288,900 shares of stock with an approximate value of $2.2 billion in CBRE stock; and STATE STREET CORP, which currently holds $1.01 billion in CBRE stock with ownership of approximately -1.781% of the company’s market capitalization.
Positions increased in the shares of CBRE Group Inc. held by institutional investors at the end of August and at the time of the August report, as 321 institutional owners consolidated their positions in CBRE Group Inc. [NYSE:CBRE] About 21876,337 shares. In addition, 392 investors decreased their positions by 24,919,836 shares, while 98 investors held positions by 262,752,929 shares. The said changes put institutional holdings at 3,095,49,102 shares, according to the latest report from the Securities and Exchange Commission. CBRE had 49 new institutional investors totaling 4,231,375 shares, while 102 institutional investors sold deals totaling 5,689,931 shares during the same period.