CBRE Group, Inc.CBG was a big mover last session, as the company saw its shares rise almost 8% on the day. The move came after the company reported better-than-expected fourth-quarter 2016 results. This also led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.04 to $31.57 in the past one-month time frame.
None of the estimates for the stock were revised in the last 30 days, while the Zacks Consensus Estimate also moved higher, suggesting solid trading ahead. So make sure to keep an eye on this stock going forward to see if the recent jump can turn into more strength down the road.
CBRE Group carries a Zacks Rank #4 (Sell).
A better-ranked stock in the same industry is The RMR Group Inc. RMR , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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CBRE Group, Inc. (CBG): Free Stock Analysis Report
The RMR Group Inc. (RMR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
