Analysts See $0.54 EPS for CBRE Group Inc (CBG)

October 12, 2017 - By Linda Rogers

 Analysts See $0.54 EPS for CBRE Group Inc (CBG)
Investors sentiment decreased to 0.9 in Q2 2017. Its down 0.08, from 0.98 in 2017Q1. It is negative, as 42 investors sold CBRE Group Inc shares while 163 reduced holdings. 44 funds opened positions while 140 raised stakes. 315.14 million shares or 0.47% less from 316.64 million shares in 2017Q1 were reported.
The Illinois-based Archford Strategies Llc has invested 0% in CBRE Group Inc (NYSE:CBG). Smith Salley And Assoc, a North Carolina-based fund reported 6,238 shares. The New Jersey-based Jacobs Levy Equity Mgmt Inc has invested 0.03% in CBRE Group Inc (NYSE:CBG). Warren Averett Asset Mgmt Ltd Liability Corp has 12,285 shares. Gam Ag, a Switzerland-based fund reported 167,087 shares. 6,078 were reported by Reliance Tru Of Delaware. Nuveen Asset Management Ltd Com reported 334,455 shares. Shine Investment Advisory Service holds 2,045 shares or 0.04% of its portfolio. Oregon-based Oregon Pub Employees Retirement Fund has invested 0.02% in CBRE Group Inc (NYSE:CBG). Ubs Asset Mngmt Americas Inc owns 1.07M shares. Tci Wealth Advsr Incorporated stated it has 0.01% in CBRE Group Inc (NYSE:CBG). Psagot Inv House reported 58,361 shares or 0.09% of all its holdings. Montag A & Associates Incorporated accumulated 52,147 shares. Profund Limited Com owns 0.03% invested in CBRE Group Inc (NYSE:CBG) for 18,614 shares. Massachusetts-based Eaton Vance Mgmt has invested 0.02% in CBRE Group Inc (NYSE:CBG).

Since May 11, 2017, it had 0 insider purchases, and 1 insider sale for $264.00 million activity.

Investors wait CBRE Group Inc (NYSE:CBG) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.54 earnings per share, up $0.04 or 8.00 % from last year’s $0.5 same quarter earnings. This translates into $183.11 million profit for CBG giving the stock a 18.23 P/E. This is assuming the current $0.54 EPS is accurate. CBRE Group Inc’s Wall Street analysts see -16.92 % negative EPS growth, taking into account the $0.65 EPS reproted in the previous quarter, About 306,149 shares traded. CBRE Group Inc (NYSE:CBG) has risen 21.33% since October 12, 2016 and is uptrending. It has outperformed by 4.63% the S&P500.

CBRE Group Inc (NYSE:CBG) Ratings Coverage

Among 7 analysts covering CBRE Group (NYSE:CBG), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. CBRE Group had 16 analyst reports since August 12, 2015 according to SRatingsIntel. As per Wednesday, August 26, the company rating was initiated by Sterne Agee CRT. Wood initiated it with “Market Perform” rating and $32 target in Monday, May 16 report. On Monday, May 16 the stock rating was initiated by Keefe Bruyette & Woods with “Market Perform”. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, May 29. The stock has “Overweight” rating by Barclays Capital on Thursday, September 3. On Thursday, July 27 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. As per Tuesday, August 15, the company rating was maintained by Barclays Capital. William Blair maintained the shares of CBG in report on Sunday, September 6 with “Outperform” rating. As per Thursday, October 6, the company rating was initiated by Wedbush. The firm earned “Hold” rating on Thursday, July 20 by Keefe Bruyette & Woods.

CBRE Group, Inc. is a holding company that conducts all of its activities through its subsidiaries. The company has market cap of $13.35 billion. The Firm operates as a commercial real estate services and investment company. It has a 19.25 P/E ratio. The Firm operates through the divisions: The Americas; Europe, Middle East and Africa ; Asia Pacific; Global Investment Management, and Development Services.

More notable recent CBRE Group Inc (NYSE:CBG) news were published by: Businesswire.com which released: “CBRE Group, Inc. Enters into Definitive Agreement to Acquire Heery …” on October 05, 2017, also Nasdaq.com with their article: “CBRE Group (CBG) Inks Deal to Acquire Heery International” published on October 09, 2017, Labusinessjournal.com published: “CBRE Agrees to Acquire Atlanta Design, Engineering Firm” on October 05, 2017. More interesting news about CBRE Group Inc (NYSE:CBG) were released by: Businesswire.com and their article: “CBRE Group, Inc. Announces Details of Third Quarter 2017 Earnings Conference …” published on October 09, 2017 as well as Bizjournals.com‘s news article titled: “Paper free and no assigned seats: CBRE debuts sleek, high-tech office in …” with publication date: October 12, 2017.

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