The Goldman Sachs Group assumed coverage on shares of Cushman & Wakefield (NYSE:CWK - Free Report) in a research report report published on Friday morning, Marketbeat reports. The firm issued a sell rating and a $15.00 target price on the stock.
Cushman & Wakefield Stock Down 0.5 %
Shares of CWK traded down $0.07 during mid-day trading on Friday, hitting $15.09. 1,533,243 shares of the company's stock were exchanged, compared to its average volume of 2,148,485. The company has a 50-day simple moving average of $13.85 and a 200 day simple moving average of $12.60. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $3.46 billion, a PE ratio of 40.97 and a beta of 1.32. Cushman & Wakefield has a 52 week low of $8.53 and a 52 week high of $16.11.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The company's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. On average, research analysts forecast that Cushman & Wakefield will post 0.88 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its stake in shares of Cushman & Wakefield by 87.1% in the third quarter. Franklin Resources Inc. now owns 319,718 shares of the company's stock valued at $3,993,000 after buying an additional 148,813 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock valued at $77,656,000 after acquiring an additional 395,652 shares during the period. Barclays PLC increased its stake in shares of Cushman & Wakefield by 322.6% during the 3rd quarter. Barclays PLC now owns 394,327 shares of the company's stock worth $5,374,000 after purchasing an additional 301,017 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Cushman & Wakefield by 4.8% in the 3rd quarter. XTX Topco Ltd now owns 19,849 shares of the company's stock valued at $271,000 after purchasing an additional 903 shares during the period. Finally, Wolverine Trading LLC acquired a new stake in Cushman & Wakefield in the 3rd quarter valued at about $165,000. Institutional investors and hedge funds own 95.56% of the company's stock.
Cushman & Wakefield Company Profile
(
Get Free Report)
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.
See Also
Before you consider Cushman & Wakefield, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cushman & Wakefield wasn't on the list.
While Cushman & Wakefield currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
