2 weeks Ago By Defense World Staff
Cushman & Wakefield plc (NYSE:CWK – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $8.50 and last traded at $9.
03, with a volume of 1641 shares. The stock had previously closed at $9.44.
Analysts Set New Price TargetsCWK has been the topic of a number of recent analyst reports. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their price objective for the company from $18.00 to $14.
00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price target on Cushman & Wakefield from $14.
00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Citigroup reduced their price objective on shares of Cushman & Wakefield from $16.
00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, The Goldman Sachs Group lowered their target price on shares of Cushman & Wakefield from $13.
00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company.
According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.10.Get Our Latest Research Report on CWKCushman & Wakefield Trading Down 4.
8 %The company’s 50 day moving average price is $11.80 and its 200 day moving average price is $13.01.
The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.
18. The firm has a market cap of $2.06 billion, a PE ratio of 16.
34 and a beta of 1.26. Cushman & Wakefield (NYSE:CWK – Get Free Report) last posted its quarterly earnings data on Thursday, February 20th.
The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.
03. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.
67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.
39%. As a group, analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.
Institutional Trading of Cushman & WakefieldSeveral hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Cushman & Wakefield in the 4th quarter valued at approximately $1,778,000. Jefferies Financial Group Inc.
purchased a new position in Cushman & Wakefield in the fourth quarter valued at $2,498,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cushman & Wakefield by 54.7% in the fourth quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company’s stock valued at $40,123,000 after buying an additional 1,084,940 shares in the last quarter. Teza Capital Management LLC lifted its holdings in Cushman & Wakefield by 124.4% during the 4th quarter.
Teza Capital Management LLC now owns 62,797 shares of the company’s stock worth $821,000 after buying an additional 34,807 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Cushman & Wakefield by 44.5% during the 4th quarter.
ProShare Advisors LLC now owns 69,020 shares of the company’s stock worth $903,000 after acquiring an additional 21,242 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.
About Cushman & Wakefield (Get Free Report)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.
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