Cushman & Wakefield (NYSE:CWK) Trading Down 7.6% – What’s Next?

Cushman & Wakefield plc (NYSE:CWK) shares traded down 7.6% on Thursday . The stock traded as low as $10.35 and last traded at $10.39. 781,920 shares were traded during mid-day trading, a decline of 59% from the average session volume of 1,930,646 shares. The stock had previously closed at $11.24.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group cut their target price on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a report on Friday, February 21st. One investment 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.00.

Cushman & Wakefield Stock Performance

The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $2.45 billion, a P/E ratio of 19.39 and a beta of 1.40. The stock has a fifty day moving average of $12.54 and a 200-day moving average of $13.28.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. On average, research analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CWK. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Cushman & Wakefield by 83.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock worth $155,110,000 after buying an additional 5,171,340 shares in the last quarter. Channing Capital Management LLC acquired a new position in Cushman & Wakefield during the fourth quarter valued at approximately $61,732,000. Norges Bank acquired a new position in Cushman & Wakefield during the fourth quarter valued at approximately $38,720,000. Raymond James Financial Inc. acquired a new position in Cushman & Wakefield during the fourth quarter valued at approximately $25,964,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cushman & Wakefield by 737.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company’s stock valued at $27,023,000 after purchasing an additional 1,745,986 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Company Profile

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.