Cushman & Wakefield (NYSE:CWK) Trading 6.5% Higher – Time to Buy?

Cushman & Wakefield plc (NYSE:CWK)’s stock price was up 6.5% on Thursday . The stock traded as high as $13.56 and last traded at $13.56. Approximately 356,577 shares changed hands during trading, a decline of 84% from the average daily volume of 2,182,493 shares. The stock had previously closed at $12.73.

Analyst Ratings Changes

Several research firms recently issued reports on CWK. Raymond James boosted their target price 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. JPMorgan Chase & Co. increased their target price 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cushman & Wakefield currently has an average rating of “Hold” and a consensus target price of $12.80.

Cushman & Wakefield Stock Down 1.1 %

The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 335.13 and a beta of 1.30. The business’s 50 day moving average is $13.04 and its 200-day moving average is $11.71. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.21 and a current ratio of 1.21.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, sell-side analysts predict that Cushman & Wakefield plc will post 0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds have recently made changes to their positions in CWK. New York State Teachers Retirement System boosted its stake in shares of Cushman & Wakefield by 11.2% in the third quarter. New York State Teachers Retirement System now owns 114,931 shares of the company’s stock worth $1,567,000 after acquiring an additional 11,549 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Cushman & Wakefield by 13.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 130,822 shares of the company’s stock valued at $1,783,000 after purchasing an additional 15,171 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Cushman & Wakefield by 11.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 110,800 shares of the company’s stock valued at $1,510,000 after purchasing an additional 11,700 shares in the last quarter. Everence Capital Management Inc. boosted its stake in Cushman & Wakefield by 14.1% during the 3rd quarter. Everence Capital Management Inc. now owns 20,380 shares of the company’s stock worth $278,000 after purchasing an additional 2,520 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Cushman & Wakefield by 137.5% during the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock worth $48,000 after buying an additional 2,027 shares in the last quarter. Institutional investors and hedge funds 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.