Why CBRE Group (CBG) Stock Is Gaining Today

NEW YORK (TheStreet) -- Shares of CBRE Group Inc. (CBG) are up 7.70% to $28.69 on Thursday after the company reported an increase in net income and revenue for the 2014 first quarter.

The property management holding company reported net income for the quarter rose 80% to $67.7 million, or 20 cents per diluted share, compared to $37.5 million, or 11 cents per diluted share, from the same quarter 2013.

CBRE Group's revenue totaled $1.9 billion, a 26% increase from $1.5 billion in the first quarter 2013.

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TheStreet Ratings team rates CBRE GROUP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate CBRE GROUP INC (CBG) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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