Why CBRE Group (CBRE) is a Top Stock for the Long-Term
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If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
Why You Should Pay Attention to CBRE Group (CBRE)
Headquartered in Dallas, TX, CBRE Group, Inc. is a commercial real estate services and investment firm, offering a wide range of services to tenants, owners, lenders and investors in office, retail, industrial, multi-family and other types of commercial real estates in all major metropolitan areas across the globe. The services include facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. With more than 130,000 employees (including Turner & Townsend employees), the company served clients in more than 100 countries as of Sept. 30, 2024.
CBRE was added to the Zacks Focus List on March 13, 2017 at $36.40 per share. Since then, shares have increased 273.3% to $135.88.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.26 to $4.99. CBRE boasts an average earnings surprise of 14.4%.
Earnings for CBRE Group are forecasted to see growth of 30% for the current fiscal year as well.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like CBRE offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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CBRE Group, Inc. (CBRE) : Free Stock Analysis Report