Cushman & Wakefield (NYSE:CWK) Stock Price Down 5.5%

Cushman & Wakefield PLC (NYSE:CWK) dropped 5.5% on Friday . The company traded as low as $18.32 and last traded at $18.62, approximately 614,203 shares changed hands during mid-day trading. A decline of 27% from the average daily volume of 845,634 shares. The stock had previously closed at $19.71.

CWK has been the subject of a number of research analyst reports. Compass Point initiated coverage on shares of Cushman & Wakefield in a research note on Wednesday, July 10th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $20.11.

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $4.27 billion and a price-to-earnings ratio of -17.08. The firm has a 50 day moving average of $18.54.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.14 billion. Cushman & Wakefield had a negative net margin of 1.43% and a positive return on equity of 10.36%. Cushman & Wakefield’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. Equities research analysts anticipate that Cushman & Wakefield PLC will post 0.71 earnings per share for the current fiscal year.

In related news, insider W Brett White sold 44,675 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $18.00, for a total transaction of $804,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.85% of the company’s stock.

A number of large investors have recently modified their holdings of CWK. Ontario Teachers Pension Plan Board bought a new stake in Cushman & Wakefield in the first quarter valued at approximately $282,315,000. Norges Bank bought a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $29,658,000. FMR LLC increased its stake in Cushman & Wakefield by 21.8% in the first quarter. FMR LLC now owns 9,569,175 shares of the company’s stock valued at $170,332,000 after purchasing an additional 1,712,878 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in Cushman & Wakefield by 72.5% in the first quarter. TimesSquare Capital Management LLC now owns 2,171,300 shares of the company’s stock valued at $38,649,000 after purchasing an additional 912,300 shares in the last quarter. Finally, Long Pond Capital LP bought a new stake in Cushman & Wakefield in the first quarter valued at approximately $13,350,000. 41.35% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Company Profile (NYSE:CWK)

Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

See Also: What is systematic risk?

Receive News & Ratings for Cushman & Wakefield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cushman & Wakefield and related companies with MarketBeat.com's FREE daily email newsletter.