Cushman & Wakefield (NYSE:CWK) Trading Up 5.6% – Here’s What Happened

Shares of Cushman & Wakefield plc (NYSE:CWK) were up 5.6% during trading on Monday . The stock traded as high as $14.05 and last traded at $14.26. Approximately 125,146 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,322,555 shares. The stock had previously closed at $13.51.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CWK shares. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their price target for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group initiated coverage on shares of Cushman & Wakefield in a research note on Friday, December 6th. They set a “sell” rating and a $15.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Cushman & Wakefield presently has a consensus rating of “Hold” and an average target price of $15.50.

Cushman & Wakefield Stock Performance

The company has a market cap of $3.15 billion, a PE ratio of 37.09 and a beta of 1.34. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50-day simple moving average is $13.81 and its 200 day simple moving average is $13.37.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. As a group, equities analysts anticipate that Cushman & Wakefield plc will post 0.91 EPS for the current year.

Institutional Trading of Cushman & Wakefield

Several hedge funds have recently modified their holdings of CWK. Blue Trust Inc. lifted its holdings in Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after acquiring an additional 2,027 shares during the period. GAMMA Investing LLC increased its holdings in shares of Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after purchasing an additional 1,629 shares in the last quarter. KBC Group NV lifted its stake in shares of Cushman & Wakefield by 31.7% in the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after purchasing an additional 1,915 shares during the period. CWM LLC boosted its holdings in Cushman & Wakefield by 67.6% during the third quarter. CWM LLC now owns 9,167 shares of the company’s stock worth $125,000 after buying an additional 3,699 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in Cushman & Wakefield during the third quarter worth about $150,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Company Profile

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.