CBRE Group Inc. (CBRE) can make a big difference with a little luck

CBRE Group Inc. (NYSE: CBRE) stock jumped 0.86% on Thursday to $79.75 against a previous-day closing price of $79.07. With 4.46 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.64 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $79.99 whereas the lowest price it dropped to was $78.05. The 52-week range on CBRE shows that it touched its highest point at $89.58 and its lowest point at $66.31 during that stretch. It currently has a 1-year price target of $95.50. Beta for the stock currently stands at 1.36.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CBRE was down-trending over the past week, with a drop of -6.18%, but this was down by -4.24% over a month. Three-month performance surged to 1.73% while six-month performance rose 7.90%. The stock gained 1.61% in the past year, while it has gained 3.63% so far this year. A look at the trailing 12-month EPS for CBRE yields 2.64 with Next year EPS estimates of 5.34. For the next quarter, that number is 0.82. This implies an EPS growth rate of -20.60% for this year and 24.83% for next year. EPS is expected to grow by 11.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.70%.

Float and Shares Shorts:

At present, 310.86 million CBRE shares are outstanding with a float of 308.14 million shares on hand for trading. On Aug 30, 2023, short shares totaled 7.36 million, which was 2.38% higher than short shares on Jul 30, 2023. In addition to Mr. Robert E. Sulentic as the firm’s Pres, CEO & Director, Ms. Emma E. Giamartino serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 99.48% of CBRE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.23% of CBRE, in contrast to 43.01% held by mutual funds. Shares owned by individuals account for 3.82%. As the largest shareholder in CBRE with 15.45% of the stake, The Vanguard Group, Inc. holds 47,876,520 shares worth 47,876,520. A second-largest stockholder of CBRE, BlackRock Fund Advisors, holds 17,465,861 shares, controlling over 5.64% of the firm’s shares. Harris Associates LP is the third largest shareholder in CBRE, holding 14,735,255 shares or 4.76% stake. With a 4.23% stake in CBRE, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 13,103,483 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.98% of CBRE stock, is the second-largest Mutual Fund holder. It holds 9,221,495 shares valued at 768.24 million. Vanguard 500 Index Fund holds 2.40% of the stake in CBRE, owning 7,442,775 shares worth 620.06 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, CBRE reported revenue of $7.77B and operating income of $366.12M. The EBITDA in the recently reported quarter was $640.73M and diluted EPS was $1.48.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CBRE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CBRE analysts setting a high price target of $100.00 and a low target of $86.00, the average target price over the next 12 months is $93.43. Based on these targets, CBRE could surge 25.39% to reach the target high and rise by 7.84% to reach the target low. Reaching the average price target will result in a growth of 17.15% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CBRE stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 3,401,565 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 40 over the past year. The total number of shares bought during that period was 561,015 while 3,625,932 shares were sold.

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