Cushman & Wakefield plc (NYSE:CWK)’s share price hit a new 52-week high during mid-day trading on Monday after Morgan Stanley raised their price target on the stock from $15.25 to $18.50. Morgan Stanley currently has an overweight rating on the stock. Cushman & Wakefield traded as high as $17.88 and last traded at $17.85, with a volume of 34455 shares trading hands. The stock had previously closed at $17.00.
CWK has been the subject of several other research reports. The Goldman Sachs Group initiated coverage on shares of Cushman & Wakefield in a research note on Monday, January 25th. They issued a “neutral” rating and a $15.50 price objective for the company. Raymond James cut their price target on Cushman & Wakefield from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday. Zacks Investment Research lowered Cushman & Wakefield from a “hold” rating to a “sell” rating in a research note on Tuesday, April 27th. Finally, Credit Suisse Group upped their target price on Cushman & Wakefield from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Tuesday, March 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Cushman & Wakefield presently has a consensus rating of “Buy” and an average price target of $16.86.
In other Cushman & Wakefield news, major shareholder Drone Holding Gp I. Ltd Pagac sold 4,583,655 shares of the firm’s stock in a transaction on Monday, March 15th. The stock was sold at an average price of $17.26, for a total value of $79,113,885.30. The sale was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.
The company has a market cap of $3.93 billion, a price-to-earnings ratio of -20.26, a P/E/G ratio of 20.26 and a beta of 1.52. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.39 and a current ratio of 1.39. The company has a fifty day moving average of $16.74 and a two-hundred day moving average of $15.30.
Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Thursday, February 25th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.13 billion. Cushman & Wakefield had a negative net margin of 2.32% and a negative return on equity of 17.04%. Equities analysts expect that Cushman & Wakefield plc will post -0.88 EPS for the current fiscal year.
Cushman & Wakefield Company Profile (NYSE:CWK)
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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