Cushman & Wakefield plc [NYSE: CWK] gained 15.45% or 2.03 points to close at $15.17 with a heavy trading volume of 6619506 shares.
The daily chart for CWK points out that the company has recorded 48.73% gains over the past six months.
If we look at the average trading volume of 1.92M shares, CWK reached to a volume of 6619506 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Cushman & Wakefield plc [CWK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CWK shares is $14.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CWK stock is a recommendation set at 2.11. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Cushman & Wakefield plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 10, 2024. The new note on the price target was released on April 09, 2024, representing the official price target for Cushman & Wakefield plc stock. Previously, the target price had yet another raise to $13, while Raymond James analysts kept a Outperform rating on CWK stock.
The Average True Range (ATR) for Cushman & Wakefield plc is set at 0.57, with the Price to Sales ratio for CWK stock in the period of the last 12 months amounting to 0.37. The Price to Book ratio for the last quarter was 2.04, with the Price to Cash per share for the same quarter was set at 3.38. Price to Free Cash Flow for CWK in the course of the last twelve months was 15.30.
Trading performance analysis for CWK stock
Cushman & Wakefield plc [CWK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.62. With this latest performance, CWK shares gained by 21.95% in over the last four-week period, additionally plugging by 48.73% over the last 6 months – not to mention a rise of 83.66% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CWK stock in for the last two-week period is set at 71.07, with the RSI for the last a single of trading hit 76.01, and the three-weeks RSI is set at 67.47 for Cushman & Wakefield plc [CWK]. The present Moving Average for the last 50 days of trading for this stock 13.13, while it was recorded at 13.69 for the last single week of trading, and 11.38 for the last 200 days.
Cushman & Wakefield plc [CWK]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CWK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cushman & Wakefield plc go to 10.00%.
An analysis of Institutional ownership at Cushman & Wakefield plc [CWK]
There are presently around $96.50%, or 97.75%% of CWK stock, in the hands of institutional investors. The top three institutional holders of CWK stocks are: VANGUARD GROUP INC with ownership of 35.55 million shares, which is approximately 15.5999%. BLACKROCK INC., holding 22.38 million shares of the stock with an approximate value of $$232.76 million in CWK stocks shares; and BLACKROCK INC., currently with $$167.23 million in CWK stock with ownership which is approximately 7.0558%.
