Analysts Set Cushman & Wakefield plc (NYSE:CWK) PT at $11.08

Cushman & Wakefield plc (NYSE:CWK) has been given a consensus recommendation of “Hold” by the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $11.08.

CWK has been the topic of a number of research reports. Raymond James lowered shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target on the stock. in a research note on Wednesday, April 3rd. Jefferies Financial Group began coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They set a “buy” rating and a $13.00 target price on the stock. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th.

Insider Transactions at Cushman & Wakefield

In related news, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the sale, the insider now directly owns 40,427 shares of the company’s stock, valued at approximately $403,865.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Nathaniel Robinson sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.99, for a total transaction of $399,600.00. Following the sale, the insider now owns 40,427 shares of the company’s stock, valued at approximately $403,865.73. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the transaction, the insider now directly owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in Cushman & Wakefield during the 4th quarter valued at approximately $50,000. AXQ Capital LP acquired a new stake in shares of Cushman & Wakefield during the third quarter worth $79,000. Tower Research Capital LLC TRC raised its stake in Cushman & Wakefield by 352.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock worth $79,000 after buying an additional 5,694 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Cushman & Wakefield by 30.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after buying an additional 2,737 shares during the period. Finally, Pale Fire Capital SE bought a new stake in Cushman & Wakefield during the fourth quarter valued at $108,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Performance

CWK opened at $9.64 on Friday. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of -56.70 and a beta of 1.34. The business’s 50-day moving average price is $9.90 and its two-hundred day moving average price is $9.50. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.17 and a quick ratio of 1.17. Cushman & Wakefield has a 1 year low of $6.24 and a 1 year high of $11.76.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the business earned $0.46 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. Equities analysts expect that Cushman & Wakefield will post 0.99 EPS for the current fiscal year.

Cushman & Wakefield Company Profile

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.