The stock of Cushman & Wakefield plc (NYSE:CWK) increased by $0.16 on Tuesday to finish at $9.20, up 1.77 percent. The last five days have seen an average of 2,222,020 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$3.26. The average number of shares traded over the last 20 days was 2,236,900, while the average volume over the last 50 days totaled 2,451,154.
CWK stock dropped -6.41% since last month. On 08/21/23, the company’s shares reached a one-month low of $8.66. The stock touched a high of $15.82 on 02/02/23, after rallying from a low of $7.16 in 52 weeks. The price of CWK stock has declined by -26.16% or -$3.26 this year, reaching a new high 10 times. Still, the stock price is down -41.85% from the 52-week high.
Insider Transactions
CWK stock investors should be aware that Cushman & Wakefield plc (CWK) stock had its last reported insider trading activity 83 days ago on Jun 08. On Jun 08, 10% Owner PAGAC Drone Holding GP I Ltd sold 3,000,000 shares at $8.62 each. This transaction resulted in the insider making $25,875,000. On Jun 01, McLean Jodie W. sold 15,000 shares at a price of US$7.84. After the transaction, the insider now owns 33,176 shares.
Valuation Metrics
Beta for the stock is 1.35. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.22, the price-to-book (PB) ratio of 1.29, and the price-to-cash flow ratio of 133.63.
Financial Health
For the three months ended June 29, Cushman & Wakefield plc’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.99, and the total debt to equity ratio is 2.01. As far as profitability goes, gross margin for the trailing twelve months is 17.50% percent. Cushman & Wakefield plc’s operating margin stood at 2.70% for the same period. Based on annual data, it had gross profit of $1.95 billion and revenue of $10.11 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CWK’s return on assets (ROA) during the last 12 months has been -0.20%. There was a 8.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.10%.
Earnings Surprise
According to Cushman & Wakefield plc’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.41 billion, while revenues fell by -8.59% to $2.25 billion. It was predicted that Cushman & Wakefield plc’s quarterly earnings would be $0.22, but it ended up being $0.17, beating the consensus by 29.40%. EBITDA was $117.7 million for the quarter. At the end of Cushman & Wakefield plc’s most recent quarter ended June 29, its liabilities totaled 6.02 billion, while its total debt was $3.59 billion. Equity owned by shareholders amounts to $227.15 million.
Technical Picture
Here’s a quick look at Cushman & Wakefield plc’s (CWK) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 48.11%, suggesting the stock is Neutral, with a 34.09% historical volatility rate.
The stochastic %K and %D were 20.71% and 18.28% respectively, while the average true range (ATR) was 0.34. Based on the 14-day stochastic reading of 34.84%, the RSI (14) reading is 47.49%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at -0.21.
Analyst Ratings
Cushman & Wakefield plc (NYSE: CWK) was downgraded by UBS to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Cushman & Wakefield plc (CWK) an Overweight rating. CWK is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is CWK’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $18.00, with a median target price of $10.75. In analyzing these forecasts, the average price target given by analysts for Cushman & Wakefield plc (CWK) is $12.00.
