Cushman & Wakefield (NYSE:CWK) Trading Up 12.9%

Cushman & Wakefield PLC (NYSE:CWK) was up 12.9% during mid-day trading on Wednesday . The company traded as high as $12.68 and last traded at $12.41, approximately 2,224,007 shares changed hands during mid-day trading. An increase of 149% from the average daily volume of 892,531 shares. The stock had previously closed at $10.99.

A number of equities analysts have issued reports on CWK shares. JPMorgan Chase & Co. cut shares of Cushman & Wakefield from an “overweight” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Thursday, April 9th. Credit Suisse Group cut their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Zacks Investment Research raised shares of Cushman & Wakefield from a “sell” rating to a “hold” rating in a report on Tuesday, May 5th. UBS Group cut their target price on shares of Cushman & Wakefield from $24.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Morgan Stanley cut their target price on shares of Cushman & Wakefield from $21.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $16.86.

The firm’s 50 day simple moving average is $10.62 and its 200 day simple moving average is $15.86. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -76.75 and a beta of 1.55. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.82.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Cushman & Wakefield had a negative net margin of 0.39% and a negative return on equity of 2.77%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business posted $0.10 EPS. Cushman & Wakefield’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts anticipate that Cushman & Wakefield PLC will post -0.27 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in shares of Cushman & Wakefield during the fourth quarter valued at approximately $30,000. Tower Research Capital LLC TRC acquired a new position in shares of Cushman & Wakefield during the first quarter valued at approximately $25,000. Quantbot Technologies LP acquired a new position in shares of Cushman & Wakefield during the fourth quarter valued at approximately $124,000. Acadian Asset Management LLC acquired a new position in shares of Cushman & Wakefield during the first quarter valued at approximately $125,000. Finally, SG Americas Securities LLC acquired a new position in shares of Cushman & Wakefield during the fourth quarter valued at approximately $232,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Cushman & Wakefield Company Profile (NYSE:CWK)

Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

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