1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Baron Funds Comments on CBRE Group Inc.

February 21, 2014 | About:

CBRE Group, Inc. (NYSE:CBG)'s shares performed well in the fourth quarter and appreciated approximately 32% in 2013. We recently attended CBRE Group, Inc.'s annual investor day, which served to solidify our view that the company is well-positioned to benefit from the continued rebound in commercial real estate and the broader economy. As the world's leading global commercial real estate firm, we believe the company will benefit from a rebound in its leasing, investment sales, property management, and investment management businesses.We believe the company may increase its earnings in the next four years to more than $2.50 per share in 2017. If the company maintains its current valuation multiple of 16 times earnings (versus its historical peak multiple of 20 times earnings), its shares could reach $40 in the next three years or approximately 50% upside from the current price of $26 per share.

From Baron Funds fourth quarter 2013 shareholder letter.


Rating: 2.3/5 (3 votes)

Comments

Please leave your comment:


GuruFocus has detected 5 Warning Signs with CBRE Group Inc $CBG.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


sarahgolliheroptions
pbarker46PEG
evseanLow Value Stock II
musselmantMODIFIED
sbeccuegf101-Industry
DANGORDONALL STOCKS 1-30-17
DANGORDONINFORMATION TECHNOLOGY 1-30-17
jpraschnikGreenblatt - Magic Formula
soho_analogBuy%20Back%20rate
pbarker46Shiller PE
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK