Cushman & Wakefield PLC (NYSE:CWK) Receives $18.06 Average PT from Brokerages

Cushman & Wakefield PLC (NYSE:CWK) has been given an average rating of “Moderate Buy” by the ten research firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $18.0625.

A number of research firms have recently commented on CWK. Barclays lowered their target price on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Wolfe Research upgraded Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research note on Monday, February 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st.

Cushman & Wakefield Trading Up 1.6%

CWK opened at $12.64 on Friday. The stock has a market cap of $2.96 billion, a PE ratio of 39.51 and a beta of 1.50. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34. The business has a 50 day moving average of $13.13 and a 200-day moving average of $14.71. Cushman & Wakefield has a 52 week low of $9.43 and a 52 week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Equities research analysts predict that Cushman & Wakefield will post 1.44 earnings per share for the current fiscal year.

Insider Activity at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 10,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $13.52, for a total value of $135,200.00. Following the sale, the insider directly owned 95,704 shares of the company’s stock, valued at approximately $1,293,918.08. This represents a 9.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.74% of the company’s stock.

Institutional Investors Weigh In On Cushman & Wakefield

A number of institutional investors have recently modified their holdings of CWK. EverSource Wealth Advisors LLC grew its stake in shares of Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,321 shares during the last quarter. First Horizon Corp purchased a new stake in shares of Cushman & Wakefield in the third quarter worth $32,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Cushman & Wakefield in the fourth quarter worth $32,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Cushman & Wakefield by 184.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock worth $33,000 after acquiring an additional 1,318 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Cushman & Wakefield by 4,473.5% in the third quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 2,192 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Company Profile

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.