In yesterday’s Wall Street session, Cushman & Wakefield plc (NYSE:CWK) shares traded at $10.96, down -4.28% from the previous session.
CWK stock price is now 8.47% away from the 50-day moving average and 17.79% away from the 200-day moving average. The market capitalization of the company currently stands at $2.51B.
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With the price target of $13, Jefferies recently initiated with Buy rating for Cushman & Wakefield plc (NYSE: CWK). , while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, TPG GP A, LLC, 10% Owner sold 7,734,954 shares of the company’s stock on Feb 29 ’24. The stock was sold for $75,338,452 at an average price of $9.74. Upon completion of the transaction, the 10% Owner now directly owns 17,098,001 shares in the company, valued at $187.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 29 ’24, Robinson Nathaniel sold 40,000 shares of the business’s stock. A total of $399,600 was realized by selling the stock at an average price of $9.99. This leaves the insider owning 40,427 shares of the company worth $0.44 million. A total of 8.64% of the company’s stock is owned by insiders.
During the past 12 months, Cushman & Wakefield plc has had a low of $6.24 and a high of $11.83. According to the stock market information, the enterprise value for the company is $5445257216, which is based on a 211.58 price-to-earnings ratio, a 21.16 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for CWK is $10.1276 and a two-hundred day moving average price translates $9.3081 for the stock.
The latest earnings results from Cushman & Wakefield plc (NYSE: CWK) was released for 2024-03-31. The net profit margin was 0.13% and return on equity was 0.76% for CWK. The company reported revenue of $2.18 billion for the quarter, compared to $2.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.87 percent.
