Story updated at 9:55 a.m. to reflect market activity.
CBRE gained 0.7% to $30.41 in morning trading.
The form set a price target of $38 for the company. Transactions and acquisitions should drive growth for CBRE according to Goldman Sachs analysts.
Separately, TheStreet Ratings team rates CBRE GROUP INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CBRE GROUP INC (CBG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- The revenue growth greatly exceeded the industry average of 19.5%. Since the same quarter one year prior, revenues rose by 22.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The debt-to-equity ratio is somewhat low, currently at 0.90, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels.
- Powered by its strong earnings growth of 52.38% and other important driving factors, this stock has surged by 33.10% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, CBG should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Management & Development industry. The net income increased by 50.9% when compared to the same quarter one year prior, rising from $69.90 million to $105.46 million.
- CBRE GROUP INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. Stable earnings per share over the past year indicate the company has sound management over its earnings and share float. We anticipate these figures will begin to experience more growth in the coming year. During the past fiscal year, CBRE GROUP INC reported lower earnings of $0.94 versus $0.95 in the prior year. This year, the market expects an improvement in earnings ($1.67 versus $0.94).
- You can view the full analysis from the report here: CBG Ratings Report