Cushman & Wakefield plc (NYSE:CWK - Get Free Report) shares were up 5.6% on Monday . The stock traded as high as $14.05 and last traded at $14.26. Approximately 125,146 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,322,555 shares. The stock had previously closed at $13.51.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Cushman & Wakefield in a research note on Friday, December 6th. They issued a "sell" rating and a $15.00 price objective for the company. Jefferies Financial Group cut Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their price target for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lifted 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $15.50.
Read Our Latest Analysis on CWK
Cushman & Wakefield Trading Up 2.5 %
The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50-day moving average price of $13.81 and a 200-day moving average price of $13.36. The stock has a market cap of $3.18 billion, a P/E ratio of 37.41 and a beta of 1.34.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm posted $0.21 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Cushman & Wakefield plc will post 0.91 EPS for the current year.
Institutional Trading of Cushman & Wakefield
Several hedge funds have recently added to or reduced their stakes in CWK. XTX Topco Ltd raised its holdings in Cushman & Wakefield by 4.8% during the 3rd quarter. XTX Topco Ltd now owns 19,849 shares of the company's stock valued at $271,000 after buying an additional 903 shares during the last quarter. Blue Trust Inc. raised its holdings in Cushman & Wakefield by 26.5% in the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock worth $60,000 after purchasing an additional 928 shares in the last quarter. Empowered Funds LLC raised its holdings in Cushman & Wakefield by 11.7% in the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company's stock worth $153,000 after purchasing an additional 1,180 shares in the last quarter. CIBC Asset Management Inc raised its stake in Cushman & Wakefield by 10.5% in the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company's stock worth $205,000 after buying an additional 1,421 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Cushman & Wakefield by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company's stock worth $334,000 after buying an additional 1,500 shares in the last quarter. 95.56% of the stock is owned by institutional investors.
About Cushman & Wakefield
(
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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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