Cushman & Wakefield (NYSE:CWK) Announces Earnings Results

Cushman & Wakefield (NYSE:CWK) issued its earnings results on Thursday. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03, Zacks reports. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion.

Cushman & Wakefield Stock Down 4.6 %

CWK opened at $11.68 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 31.55 and a beta of 1.34. The business has a 50-day moving average of $13.12 and a two-hundred day moving average of $13.41. Cushman & Wakefield has a 12 month low of $9.24 and a 12 month high of $16.11.

Wall Street Analyst Weigh In

Several research analysts have commented on CWK shares. The Goldman Sachs Group cut their price target on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Finally, Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Cushman & Wakefield presently has a consensus rating of “Hold” and an average price target of $15.00.

About Cushman & Wakefield

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.