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

Cushman & Wakefield plc (NYSE:CWK)’s share price reached a new 52-week high on Wednesday . The company 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Raymond James raised their target price on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Cushman & Wakefield currently has an average rating of “Hold” and a consensus price target of $12.80.

Cushman & Wakefield Trading Up 0.3 %

The company has a market cap of $3.15 billion, a P/E ratio of 343.13 and a beta of 1.31. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83. The firm’s 50-day moving average price is $12.78 and its 200-day moving average price is $11.16.

Cushman & Wakefield (NYSE:CWK) last posted its 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. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the business posted $0.22 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. As a group, equities research analysts expect that Cushman & Wakefield plc will post 0.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Swiss National Bank raised its holdings in shares of Cushman & Wakefield by 14.6% during the first quarter. Swiss National Bank now owns 359,000 shares of the company’s stock valued at $3,755,000 after acquiring an additional 45,700 shares in the last quarter. Vanguard Group Inc. raised its stake in Cushman & Wakefield by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 27,678,233 shares of the company’s stock worth $298,925,000 after buying an additional 1,098,245 shares in the last quarter. Sei Investments Co. lifted its holdings in Cushman & Wakefield by 52.8% in the first quarter. Sei Investments Co. now owns 658,629 shares of the company’s stock worth $6,889,000 after buying an additional 227,519 shares during the period. BNP Paribas Financial Markets boosted its position in Cushman & Wakefield by 112.7% during the 4th quarter. BNP Paribas Financial Markets now owns 187,983 shares of the company’s stock valued at $2,030,000 after acquiring an additional 99,619 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Cushman & Wakefield in the 4th quarter worth approximately $18,742,000. Institutional investors own 95.56% of the company’s stock.

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.