Cushman & Wakefield (NYSE:CWK - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.
Several other research firms have also issued reports on CWK. UBS Group lifted their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. The Goldman Sachs Group upgraded shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price objective for the company in a report on Friday, August 8th. JMP Securities boosted their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a report on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Cushman & Wakefield presently has an average rating of "Moderate Buy" and an average price target of $15.13.
Get Our Latest Stock Analysis on Cushman & Wakefield
Cushman & Wakefield Stock Down 2.2%
Cushman & Wakefield stock traded down $0.33 during trading hours on Wednesday, hitting $14.85. 1,583,198 shares of the stock traded hands, compared to its average volume of 2,016,690. The firm's 50-day moving average price is $15.33 and its two-hundred day moving average price is $11.99. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. The company has a market cap of $3.44 billion, a PE ratio of 16.88 and a beta of 1.51. Cushman & Wakefield has a one year low of $7.64 and a one year high of $17.04.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.08. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $2.38 billion. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The business's revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 EPS. On average, research analysts forecast that Cushman & Wakefield will post 1.2 EPS for the current year.
Insiders Place Their Bets
In related news, Director Angela Sun sold 6,800 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $16.02, for a total value of $108,936.00. Following the completion of the transaction, the director owned 46,498 shares of the company's stock, valued at approximately $744,897.96. This represents a 12.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of Cushman & Wakefield by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company's stock valued at $13,367,000 after purchasing an additional 32,795 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Cushman & Wakefield by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company's stock valued at $5,972,000 after buying an additional 11,247 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Cushman & Wakefield during the 1st quarter valued at about $333,000. Nuveen LLC purchased a new stake in shares of Cushman & Wakefield during the 1st quarter valued at about $11,086,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Cushman & Wakefield during the 1st quarter valued at about $450,000. Institutional investors own 95.56% of the company's stock.
Cushman & Wakefield Company Profile
(
Get Free Report)
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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