Cushman & Wakefield PLC (NYSE:CWK) Stock Has Consensus Target Price of $16.57

Cushman & Wakefield PLC (NYSE:CWK) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.57.

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Tuesday, November 3rd. Zacks Research cut Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Barclays upped their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Morgan Stanley decreased their target price on Cushman & Wakefield from $19.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Finally, Citigroup reiterated a “market outperform” rating on shares of Cushman & Wakefield in a research note on Thursday, October 22nd.

Cushman & Wakefield Price Performance

Shares of NYSE:CWK opened at $14.60 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock’s fifty day simple moving average is $12.52 and its two-hundred day simple moving average is $13.33. Cushman & Wakefield has a 1-year low of $10.88 and a 1-year high of $17.40. The stock has a market cap of $3.43 billion, a PE ratio of 10.59 and a beta of 1.53.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Wednesday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. Cushman & Wakefield had a net margin of 0.63% and a return on equity of 16.60%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, analysts forecast that Cushman & Wakefield will post 1.47 EPS for the current fiscal year.

Insider Activity at Cushman & Wakefield

In other Cushman & Wakefield news, insider Laurida Sayed sold 16,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $13.88, for a total value of $222,080.00. Following the sale, the insider directly owned 5,461 shares in the company, valued at $75,798.68. The trade was a 74.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nathaniel Robinson sold 12,500 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total value of $167,375.00. Following the transaction, the insider directly owned 58,376 shares in the company, valued at $781,654.64. This represents a 17.64% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.74% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cushman & Wakefield

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Cushman & Wakefield by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock valued at $162,424,000 after acquiring an additional 397,892 shares during the period. Bank of America Corp DE increased its position in shares of Cushman & Wakefield by 13.2% during the first quarter. Bank of America Corp DE now owns 2,126,440 shares of the company’s stock valued at $26,070,000 after buying an additional 247,475 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Cushman & Wakefield by 176.7% in the first quarter. Quantinno Capital Management LP now owns 224,092 shares of the company’s stock worth $2,747,000 after buying an additional 143,092 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Cushman & Wakefield by 17.8% in the first quarter. Sei Investments Co. now owns 1,137,910 shares of the company’s stock worth $13,951,000 after buying an additional 171,956 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Cushman & Wakefield in the second quarter valued at approximately $1,516,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Company Profile

Cushman & Wakefield (NYSE: CWK) is a global commercial real estate services firm that advises property owners, occupiers, investors and developers. Its services include leasing and sales brokerage, capital markets, property and facilities management, valuation, project management and real estate consulting.

The company serves clients across the Americas, Europe, the Middle East and Africa, and Asia-Pacific. Its history traces back to Cushman & Wakefield’s founding in 1917, and the current company took shape in 2015 following the combination of Cushman & Wakefield and DTZ.

Michelle MacKay has served as the company’s chief executive officer since 2022.