Cushman & Wakefield (NYSE:CWK) Trading 6.5% Higher - Should You Buy?

Cushman & Wakefield plc (NYSE:CWK - Get Free Report) rose 6.5% during trading on Thursday . The company traded as high as $13.56 and last traded at $13.56. Approximately 356,577 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 2,182,493 shares. The stock had previously closed at $12.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, July 30th. Raymond James lifted their target price on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $12.80.

Cushman & Wakefield Price Performance

The company's 50-day moving average price is $13.01 and its 200-day moving average price is $11.68. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 342.25 and a beta of 1.30. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter last year, the business posted $0.22 EPS. The business's quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Cushman & Wakefield plc will post 0.87 EPS for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

A number of large investors have recently modified their holdings of CWK. Vaughan Nelson Investment Management L.P. grew its stake in shares of Cushman & Wakefield by 580.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,510,890 shares of the company's stock worth $57,644,000 after purchasing an additional 4,701,460 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Cushman & Wakefield by 31.2% in the 2nd quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company's stock valued at $108,108,000 after acquiring an additional 2,469,831 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cushman & Wakefield by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company's stock valued at $105,802,000 after acquiring an additional 1,910,212 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in shares of Cushman & Wakefield during the 2nd quarter worth about $13,998,000. Finally, Marshall Wace LLP lifted its stake in Cushman & Wakefield by 98.7% during the second quarter. Marshall Wace LLP now owns 2,252,780 shares of the company's stock worth $23,429,000 after purchasing an additional 1,119,141 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Company Profile

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.