Cushman & Wakefield plc (NYSE:CWK – Get Rating) shares saw unusually-high trading volume on Friday . Approximately 88,054 shares were traded during trading, a decline of 88% from the previous session's volume of 763,277 shares.The stock last traded at $14.07 and had previously closed at $14.34.
Analyst Ratings Changes
Separately, Morgan Stanley dropped their price target on Cushman & Wakefield from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, July 6th.Get Cushman & Wakefield alerts:
Cushman & Wakefield Price Performance
The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 8.96 and a beta of 1.41. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.19 and a current ratio of 1.19. The company has a fifty day simple moving average of $15.61 and a two-hundred day simple moving average of $17.19.Cushman & Wakefield (NYSE:CWK – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.10. Cushman & Wakefield had a return on equity of 32.10% and a net margin of 3.52%. The firm had revenue of $2.60 billion during the quarter, compared to analysts' expectations of $2.31 billion. During the same period in the previous year, the firm earned $0.23 EPS. The company's quarterly revenue was up 15.7% compared to the same quarter last year. As a group, equities research analysts expect that Cushman & Wakefield plc will post 2.43 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cushman & Wakefield
Institutional investors have recently modified their holdings of the business. Koshinski Asset Management Inc. acquired a new position in shares of Cushman & Wakefield during the 1st quarter worth $35,000. Selective Wealth Management Inc. bought a new stake in Cushman & Wakefield during the 1st quarter worth $41,000. Northwestern Mutual Wealth Management Co. bought a new stake in Cushman & Wakefield during the 2nd quarter worth $32,000. Advisor Group Holdings Inc. grew its position in Cushman & Wakefield by 3,128.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company's stock worth $46,000 after acquiring an additional 2,221 shares during the last quarter. Finally, FourThought Financial LLC grew its position in Cushman & Wakefield by 112.9% during the 1st quarter. FourThought Financial LLC now owns 2,593 shares of the company's stock worth $53,000 after acquiring an additional 1,375 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.
About Cushman & Wakefield
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.
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