Cushman & Wakefield (CWK) Shares Down 2.5%

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Shares of Cushman & Wakefield PLC (NYSE:CWK) dropped 2.5% during mid-day trading on Thursday . The stock traded as low as $15.14 and last traded at $15.70. Approximately 21,103 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 1,022,662 shares. The stock had previously closed at $15.32.

CWK has been the subject of several recent research reports. Goldman Sachs Group initiated coverage on Cushman & Wakefield in a report on Monday, August 27th. They issued a “buy” rating and a $20.00 price target for the company. UBS Group initiated coverage on Cushman & Wakefield in a report on Friday, August 31st. They issued a “buy” rating for the company. Credit Suisse Group initiated coverage on Cushman & Wakefield in a report on Monday, August 27th. They issued an “outperform” rating and a $21.00 price target for the company. Bank of America initiated coverage on Cushman & Wakefield in a report on Monday, August 27th. They issued a “buy” rating and a $20.00 price target for the company. Finally, JMP Securities initiated coverage on Cushman & Wakefield in a report on Monday, August 27th. They issued an “outperform” rating and a $20.50 price target for the company. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.50.

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 6.81.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Wednesday, September 5th. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.97 billion. The business’s revenue was up 16.0% compared to the same quarter last year. Analysts forecast that Cushman & Wakefield PLC will post 1.37 EPS for the current year.

Cushman & Wakefield Company Profile (NYSE:CWK)

Cushman & Wakefield plc provides commercial real estate services 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.

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