Cushman & Wakefield (NYSE:CWK - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.02, Briefing.com reports. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the previous year, the company earned $0.21 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis.
Cushman & Wakefield Stock Up 15.5 %
Cushman & Wakefield stock traded up $2.04 during midday trading on Tuesday, reaching $15.18. The stock had a trading volume of 6,619,506 shares, compared to its average volume of 2,217,231. The stock has a market capitalization of $3.48 billion, a P/E ratio of 189.38 and a beta of 1.30. The firm's fifty day simple moving average is $13.09 and its 200-day simple moving average is $11.89. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.21 and a current ratio of 1.21. Cushman & Wakefield has a 1-year low of $7.28 and a 1-year high of $15.98.
Analysts Set New Price Targets
Several research analysts have weighed in on CWK shares. JPMorgan Chase & Co. lifted their target price on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. Raymond James boosted their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of "Hold" and an average price target of $12.80.
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About Cushman & Wakefield
(
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Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.
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