Cushman & Wakefield (NYSE:CWK) Issues Quarterly Earnings Results

Cushman & Wakefield (NYSE:CWK) posted its quarterly earnings results on Thursday. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03, Zacks reports. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%.

Cushman & Wakefield Trading Down 3.5 %

NYSE:CWK traded down $0.46 during midday trading on Thursday, hitting $12.57. 178,692 shares of the company traded hands, compared to its average volume of 1,448,765. The firm’s fifty day moving average is $13.25 and its 200-day moving average is $13.42. Cushman & Wakefield has a 12-month low of $9.24 and a 12-month high of $16.11. The firm has a market capitalization of $2.88 billion, a P/E ratio of 34.08 and a beta of 1.34. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CWK shares. JPMorgan Chase & Co. upped their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a report on Friday, December 6th. They set a “sell” rating and a $15.00 price objective on the stock. Finally, Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.50.

About Cushman & Wakefield

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.