Cushman & Wakefield (NYSE:CWK) Trading Down 3.4% – Here’s Why

Cushman & Wakefield plc (NYSE:CWK)’s stock price fell 3.4% during trading on Friday . The stock traded as low as $12.71 and last traded at $12.77. 495,366 shares were traded during mid-day trading, a decline of 78% from the average session volume of 2,202,096 shares. The stock had previously closed at $13.22.

Wall Street Analysts Forecast Growth

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

Cushman & Wakefield Price Performance

The business’s 50 day moving average is $12.97 and its two-hundred day moving average is $11.42. The firm has a market cap of $2.91 billion, a P/E ratio of 330.63 and a beta of 1.30. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. CWM LLC raised its position in Cushman & Wakefield by 61.4% in the second quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after acquiring an additional 2,080 shares during the period. Profund Advisors LLC bought a new stake in Cushman & Wakefield in the second quarter worth about $105,000. Pale Fire Capital SE bought a new stake in Cushman & Wakefield in the fourth quarter worth about $108,000. nVerses Capital LLC bought a new stake in Cushman & Wakefield in the second quarter worth about $116,000. Finally, Brightwater Advisory LLC bought a new stake in Cushman & Wakefield in the second quarter worth about $130,000. 95.56% of the stock is owned by institutional investors.

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.