Cushman & Wakefield PLC (NYSE:CWK) Given Average Rating of “Hold” by Analysts

Cushman & Wakefield PLC (NYSE:CWK) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.00.

Several equities research analysts recently weighed in on CWK shares. Weiss Ratings lowered Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd. Wall Street Zen downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Barclays dropped their target price on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th.

Cushman & Wakefield Trading Up 0.6%

NYSE CWK opened at $13.47 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34. Cushman & Wakefield has a twelve month low of $10.14 and a twelve month high of $17.40. The firm has a market capitalization of $3.16 billion, a PE ratio of 42.11 and a beta of 1.44. The stock’s 50 day moving average is $13.48 and its 200 day moving average is $14.31.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company posted $0.09 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Cushman & Wakefield will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total value of $328,971.00. Following the sale, the insider directly owned 70,876 shares of the company’s stock, valued at approximately $939,107. The trade was a 25.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.74% of the company’s stock.

Institutional Investors Weigh In On Cushman & Wakefield

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in Cushman & Wakefield by 13.2% in the first quarter. Bank of America Corp DE now owns 2,126,440 shares of the company’s stock worth $26,070,000 after acquiring an additional 247,475 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Cushman & Wakefield by 9.3% in the first quarter. Janus Henderson Group PLC now owns 1,786,205 shares of the company’s stock worth $21,900,000 after acquiring an additional 152,647 shares in the last quarter. Amundi boosted its holdings in Cushman & Wakefield by 46.4% in the first quarter. Amundi now owns 57,207 shares of the company’s stock worth $701,000 after acquiring an additional 18,132 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Cushman & Wakefield by 23.6% in the first quarter. California State Teachers Retirement System now owns 270,919 shares of the company’s stock worth $3,321,000 after acquiring an additional 51,665 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Cushman & Wakefield by 104.2% in the first quarter. Royal Bank of Canada now owns 41,345 shares of the company’s stock worth $507,000 after acquiring an additional 21,094 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.