Cushman & Wakefield (NYSE:CWK) Trading Up 6.5% – Time to Buy?

Shares of Cushman & Wakefield plc (NYSE:CWK) were up 6.5% during trading on Thursday . The company traded as high as $13.56 and last traded at $13.56. Approximately 356,577 shares changed hands during trading, a decline of 84% from the average daily volume of 2,182,493 shares. The stock had previously closed at $12.73.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Raymond James raised their price objective on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. raised their price target on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.80.

Cushman & Wakefield Stock Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83. The firm has a 50-day moving average of $13.01 and a 200 day moving average of $11.68. The stock has a market capitalization of $3.10 billion, a P/E ratio of 342.25 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Monday, July 29th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $1.63 billion. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. Research analysts anticipate that Cushman & Wakefield plc will post 0.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Cushman & Wakefield

Several large investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. boosted its stake in Cushman & Wakefield by 580.8% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 5,510,890 shares of the company’s stock valued at $57,644,000 after buying an additional 4,701,460 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Cushman & Wakefield by 31.2% in the 2nd quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock valued at $108,108,000 after purchasing an additional 2,469,831 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cushman & Wakefield by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock worth $105,802,000 after purchasing an additional 1,910,212 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in shares of Cushman & Wakefield during the 2nd quarter worth about $13,998,000. Finally, Marshall Wace LLP lifted its holdings in Cushman & Wakefield by 98.7% during the 2nd quarter. Marshall Wace LLP now owns 2,252,780 shares of the company’s stock valued at $23,429,000 after purchasing an additional 1,119,141 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

About Cushman & Wakefield

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.