Shares of Cushman & Wakefield plc (NYSE:CWK – Get Free Report) have been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $10.75.
Separately, Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective for the company. in a research note on Wednesday, April 3rd.
Check Out Our Latest Report on CWK
Insider Buying and Selling
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in Cushman & Wakefield by 258.8% during the 1st quarter. Thrivent Financial for Lutherans now owns 7,049,508 shares of the company’s stock worth $74,302,000 after acquiring an additional 5,084,634 shares during the last quarter. Rush Island Management LP acquired a new position in Cushman & Wakefield during the second quarter worth $28,113,000. Balyasny Asset Management L.P. grew its position in Cushman & Wakefield by 251.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,462,163 shares of the company’s stock valued at $37,391,000 after purchasing an additional 2,476,102 shares in the last quarter. Capital Research Global Investors acquired a new stake in Cushman & Wakefield in the 1st quarter valued at $38,190,000. Finally, Dimensional Fund Advisors LP lifted its position in Cushman & Wakefield by 47.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,515,078 shares of the company’s stock worth $58,126,000 after buying an additional 1,776,929 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.
Cushman & Wakefield Stock Up 3.8 %
Shares of NYSE CWK opened at $10.70 on Monday. Cushman & Wakefield has a 1 year low of $6.24 and a 1 year high of $11.76. The firm’s 50-day moving average is $10.19 and its 200-day moving average is $9.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $2.43 billion, a PE ratio of -62.94 and a beta of 1.34.
Cushman & Wakefield (NYSE:CWK – Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Equities analysts expect that Cushman & Wakefield will post 0.99 EPS for the current year.
About Cushman & Wakefield
Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.
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