Cushman & Wakefield (NYSE:CWK) Sets New 1-Year High at $13.92

Cushman & Wakefield plc (NYSE:CWK)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $13.92 and last traded at $13.80, with a volume of 821831 shares trading hands. The stock had previously closed at $13.30.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Raymond James increased their price target on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Cushman & Wakefield presently has a consensus rating of “Hold” and an average target price of $12.42.

Cushman & Wakefield Stock Performance

The firm has a market cap of $3.08 billion, a P/E ratio of 336.75 and a beta of 1.31. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50-day moving average is $12.70 and its 200 day moving average is $11.12.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $1.63 billion. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. On average, research analysts predict that Cushman & Wakefield plc will post 0.87 earnings per share for the current year.

Institutional Trading of Cushman & Wakefield

Several hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its holdings in shares of Cushman & Wakefield by 61.4% in the second quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after buying an additional 2,080 shares during the period. Profund Advisors LLC bought a new stake in Cushman & Wakefield in the 2nd quarter valued at $105,000. Pale Fire Capital SE acquired a new position in Cushman & Wakefield in the 4th quarter worth $108,000. nVerses Capital LLC bought a new position in Cushman & Wakefield during the 2nd quarter worth about $116,000. Finally, Beacon Pointe Advisors LLC bought a new position in Cushman & Wakefield during the 4th quarter worth about $130,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

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.