Cushman & Wakefield (NYSE:CWK) Shares Down 7.6% - Time to Sell?

Cushman & Wakefield plc (NYSE:CWK - Get Free Report)'s share price traded down 7.6% during mid-day trading on Thursday . The stock traded as low as $10.35 and last traded at $10.39. 781,920 shares were traded during trading, a decline of 59% from the average session volume of 1,930,646 shares. The stock had previously closed at $11.24.

Analyst Ratings Changes

CWK has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their target price 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, February 21st. Jefferies Financial Group downgraded Cushman & Wakefield from a "buy" rating to a "hold" rating and cut their price objective for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. upped their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Finally, Citigroup dropped their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $14.40.

Cushman & Wakefield Trading Up 0.1 %

The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 19.46 and a beta of 1.40. The firm has a 50 day moving average price of $12.54 and a two-hundred day moving average price of $13.28.

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Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, equities analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Institutional Trading of Cushman & Wakefield

A number of large investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Cushman & Wakefield during the fourth quarter valued at about $1,778,000. Jefferies Financial Group Inc. bought a new stake in Cushman & Wakefield in the 4th quarter valued at about $2,498,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cushman & Wakefield by 54.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock worth $40,123,000 after buying an additional 1,084,940 shares during the period. Teza Capital Management LLC boosted its holdings in Cushman & Wakefield by 124.4% in the fourth quarter. Teza Capital Management LLC now owns 62,797 shares of the company's stock worth $821,000 after acquiring an additional 34,807 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in Cushman & Wakefield by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 69,020 shares of the company's stock valued at $903,000 after acquiring an additional 21,242 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Company Profile

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.