Cushman & Wakefield (NYSE:CWK) Shares Gap Up – What’s Next?

Cushman & Wakefield PLC (NYSE:CWK)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $14.74, but opened at $15.39. Cushman & Wakefield shares last traded at $15.6270, with a volume of 596,180 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citizens Jmp lifted their price target on Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a report on Monday, November 3rd. JMP Securities set a $19.00 target price on Cushman & Wakefield in a report on Monday, November 3rd. Citigroup upgraded Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday. Zacks Research cut shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen cut shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.38.

Cushman & Wakefield Stock Up 8.2%

The firm has a 50-day simple moving average of $15.87 and a 200 day simple moving average of $13.44. The company has a market capitalization of $3.69 billion, a PE ratio of 16.59 and a beta of 1.56. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. Cushman & Wakefield’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, research analysts predict that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Insider Activity at Cushman & Wakefield

In other news, Director Angela Sun sold 6,800 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $16.02, for a total transaction of $108,936.00. Following the completion of the sale, the director owned 46,498 shares of the company’s stock, valued at approximately $744,897.96. This trade represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CWK. Frontier Capital Management Co. LLC bought a new stake in shares of Cushman & Wakefield in the 2nd quarter valued at approximately $51,764,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Cushman & Wakefield by 46.2% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company’s stock worth $134,573,000 after purchasing an additional 3,842,859 shares during the period. Channing Capital Management LLC bought a new position in shares of Cushman & Wakefield in the 3rd quarter worth about $55,665,000. Deutsche Bank AG boosted its holdings in shares of Cushman & Wakefield by 807.1% in the 1st quarter. Deutsche Bank AG now owns 1,870,044 shares of the company’s stock valued at $19,112,000 after buying an additional 1,663,880 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Cushman & Wakefield by 128.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after buying an additional 1,620,143 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.