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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
CBRE Group Inc Class A (CBRE)
Industry: Real Estate Services
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CBRE has been trading in a range between $99.16 and $85.97 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CBRE is breaking above top of the recent 20 day range at $99.16 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
CBRE Group Inc Class A $CBRE entered a Green zone 15 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $90.71, a potential down side of -17.95% from the recent price of 110.55. The stock is trading 0% (potential upside) below its 52 week high of $110.55 and 71.05 % (potential downside) above its 52 week low of $64.63 - based on the recent price.
Company Summary
CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
News
| CBRE: Staying Positive With Beat-And-Raise Quarter CBRE's Q2 2024 EBITDA and EPS beat the sell-side analysts' consensus forecasts by +9.9% and +14.3%, respectively. The company raised its full-year bottom-line guidance by +7.9%, and the updated outlook implies a +25.0% increase in its earnings for 2024. I stick with a Buy rating for CBRE, as the stock could command a higher P/E multiple in view of its 2024 earnings outlook and its historical EPS growth numbers. Source: Seeking Alpha Fri, 26 Jul 2024 11:37:45 -0400 Sentiment: Positive |
| CBRE Group, Inc. (CBRE) Q2 2024 Earnings Call Transcript CBRE Group, Inc. (NYSE:CBRE ) Q2 2024 Results Conference Call July 25, 2024 8:30 AM ET Company Participants Chandni Luthra - Executive Vice President, Head of FP&A and Investor Relations Bob Sulentic - Chair & Chief Executive Officer Emma Giamartino - Chief Financial Officer Conference Call Participants Ronald Kamdem - Morgan Stanley Anthony Paolone - JPMorgan Jade Rahmani - KBW Michael Griffin - Citi Steve Sakwa - Evercore ISI Stephen Sheldon - William Blair Peter Abramowitz - Jefferies Operator Greetings, and welcome to the Second Quarter 2024 CBRE Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. Source: Seeking Alpha Thu, 25 Jul 2024 14:26:02 -0400 Sentiment: Neutral |
| CBRE Group (CBRE) Q2 Earnings Beat, 2024 Outlook Raised CBRE Group's (CBRE) Q2 results reflect the benefits of diversification and the expansion of its resilient business in recent years despite the challenging macro environment. Source: Zacks Investment Research Thu, 25 Jul 2024 13:22:02 -0400 Sentiment: Positive |
| CBRE (CBRE) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates Although the revenue and EPS for CBRE (CBRE) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. Source: Zacks Investment Research Thu, 25 Jul 2024 10:36:07 -0400 Sentiment: Positive |
| CBRE Group (CBRE) Tops Q2 Earnings Estimates CBRE Group (CBRE) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.82 per share a year ago. Source: Zacks Investment Research Thu, 25 Jul 2024 09:06:01 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 112.21 52 Week Low: 64.63 Beta: 1.399 50 Day MA: 90.3896 200 Day MA: 86.4822 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.344 Qtr Revenue Growth YOY: 0.087 Forward PE: 21.9298 Trailing PE: 36.936