Cushman & Wakefield (NYSE:CWK - Get Free Report) announced its earnings results on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.07, Zacks reports. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.26 billion. The company's revenue for the quarter was up 4.6% compared to the same quarter last year.
Cushman & Wakefield Trading Up 5.0 %
Shares of NYSE CWK traded up $0.48 during midday trading on Friday, hitting $10.08. The stock had a trading volume of 2,591,957 shares, compared to its average volume of 2,133,453. The firm has a market cap of $2.33 billion, a P/E ratio of 18.33 and a beta of 1.37. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The company's 50-day simple moving average is $9.83 and its 200 day simple moving average is $12.32.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on CWK shares. The Goldman Sachs Group lowered their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. JPMorgan Chase & Co. cut their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Morgan Stanley lowered their target price on shares of Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Citigroup cut their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, UBS Group dropped their price objective on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Cushman & Wakefield has a consensus rating of "Hold" and a consensus target price of $12.93.
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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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