Why CBRE Group (CBRE) is a Top Stock for the Long-Term
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
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 Mar 31, 2024.
On March 13, 2017, CBRE was added to the Zacks Focus List at $36.40 per share. Shares have increased 155.82% to $93.12 since then.
For fiscal 2024, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $4.50. CBRE boasts an average earnings surprise of 11.1%.
Additionally, CBRE Group's earnings are expected to grow 17.2% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like CBRE, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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CBRE Group, Inc. (CBRE) : Free Stock Analysis Report