Cushman & Wakefield (NYSE:CWK - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03, Zacks reports. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%.
Cushman & Wakefield Stock Performance
Shares of Cushman & Wakefield stock traded down $0.57 during mid-day trading on Friday, hitting $11.68. 2,500,915 shares of the stock were exchanged, compared to its average volume of 1,541,430. Cushman & Wakefield has a 12 month low of $9.24 and a 12 month high of $16.11. The company has a 50-day simple moving average of $13.12 and a 200 day simple moving average of $13.41. The company has a market capitalization of $2.68 billion, a P/E ratio of 31.55 and a beta of 1.34. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18.
Analyst Upgrades and Downgrades
CWK has been the topic of several recent research reports. The Goldman Sachs Group dropped their price target on shares of Cushman & Wakefield from $14.50 to $13.00 and set a "sell" rating on the stock in a research report on Friday. JPMorgan Chase & Co. raised their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Finally, Jefferies Financial Group downgraded Cushman & Wakefield from a "buy" rating to a "hold" rating and decreased their price target for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Cushman & Wakefield presently has a consensus rating of "Hold" and a consensus price target of $15.00.
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Cushman & Wakefield Company Profile
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Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.
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