Cushman & Wakefield (NYSE:CWK) hits new 52-week high at $11.81

Cushman & Wakefield plc (NYSE:CWK – Get Free Report )’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $11.81 and last traded at $11.74, with a volume of 551150 shares changing hands. Shares previously closed at $11.65.

Analyst upgrades and downgrades

Several equities analysts have commented on CWK shares. Jefferies Financial Group initiated coverage on Cushman & Wakefield in a research report on Wednesday, April 10th. They set a “buy” rating and a $13.00 price objective for the company. Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Finally, Raymond James lowered Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price for the company. in a research report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.08, according to MarketBeat.

Check out our latest analysis of CWK

Cushman & Wakefield trading rose 0.6%

The firm has a 50-day moving average price of $10.08 and a 200-day moving average price of $9.79. The stock has a market cap of $2.68 billion, a PE ratio of 293.00 and a beta of 1.33. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13, and a current ratio of 1.13.

Cushman & Wakefield (NYSE:CWK – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a return on equity of 12.41% and a net margin of 0.13%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. In the same period last year, the company earned $0.46 EPS. Cushman & Wakefield’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities analysts anticipate that Cushman & Wakefield plc will post 0.97 EPS for the current fiscal year.

Insider buying and selling

In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the sale, the insider now directly owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the completion of the sale, the insider now directly owns 40,427 shares in the company, valued at approximately $403,865.73. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the sale, the insider now owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The disclosure for this sale can be found here. 1.01% of shares are owned by corporate insiders.

Institutional inputs and outputs

A number of large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its position in shares of Cushman & Wakefield by 6.6% in the first quarter. California State Teachers Retirement System now owns 180,213 shares of the company’s stock valued at $1,885,000 after purchasing an additional 11,154 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Cushman & Wakefield by 18.8% in the first quarter. Janus Henderson Group PLC now owns 4,400,751 shares of the company’s stock valued at $46,032,000 after buying an additional 695,005 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Cushman & Wakefield by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,904 shares of the company’s stock valued at $941,000 after buying an additional 5,982 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Cushman & Wakefield by 4.0% in the first quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock valued at $301,126,000 after buying an additional 1,110,076 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Cushman & Wakefield by 22.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 276,253 shares of the company’s stock valued at $2,839,000 after buying an additional 50,169 shares in the last quarter. 95.56% of shares are held by hedge funds and other institutional investors.

Cushman & Wakefield Company Profile

(Get a free report)

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 across America; Europe, Middle East and Africa; and the Asia Pacific segments.

Further reading

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