Cushman & Wakefield plc (NYSE:CWK) currently has a daily average trading volume of 2.56M but it saw 1546656 shares traded on Wednesday. With a market cap of 1.83B USD, stock’s current market price of $7.82 came falling about -4.05 while comparing to the previous closing price of $8.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $19.15 and as low as $7.16. In the recent trading on the day, stock has struck highest price mark of $8.07 while lowest mark touched by it was $7.73.
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Taking a look at 20-day trading activity of Cushman & Wakefield plc (CWK) gives us an average price of $8.31, while its current price level is -59.16% below from 52-week high level whereas it is 9.21% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.26 while that of 200 days or SMA-200 reads an average of $12.05. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.99% during that period while stretching the period over a month that increases to 6.07%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.08 which implies that the stock is in neutral territory.
Cushman & Wakefield plc (CWK)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $8.50 and $21.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $8.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $21.00. Average price target assigned by them is $12.42 which highlights an upside potential of 37.04% for the stock over that period. And to attain the median price target of $10.50 assigned by those analysts, stock has to add about 25.52% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 6 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, CWK’s stock price is moving 2.22% up while it is -14.16% when we observe its performance for the past one month. Year-to-date it is -37.24% down and over the past year, the stock is showing a downside performance of -56.48%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.04 beaten by the consensus estimate of $0.2 for the same. The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of $0.23 while estimate for next year EPS is $1.03. For CWK, analysts are forecasting an EPS-growth rate of -48.50% for current year and estimate for EPS growth in next year is 54.40%. In next quarter, company is expected to be making quarterly sales of $2 billion as analysts are expecting the sales for current fiscal year at $7.89 billion and seeing the company making $8.47 billion in sales next year. Moreover, analysts are in estimates of $1.9 billion for current-quarter revenue.
Currently, Cushman & Wakefield plc’s total number of outstanding shares is 225.70M with 12.39% of that held by the insiders while 96.65% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 8.00% and return on equity (ROE) at 12.30%. It has a price to earnings ratio (P/E ratio) of 9.08 while having a 4.70 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 1.06 while price to sale or P/S ratio amounts to 0.18. Its return on asset (ROA) is 2.50% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Ontario Teachers Pension Plan came shrinking its share ownership by -23.84% in the Cushman & Wakefield plc (CWK) decreasing its stake to 4.94% with control over -3.49 million shares in the company. In the most recent quarter, Vanguard Real Estate Index Fund came cutting its stake by -0.18% in the company and now holds 6.45 million or 2.86% of the company’s stake having worth of about 63.52 million.
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