Cushman & Wakefield PLC (NYSE:CWK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Cushman & Wakefield PLC (NYSE:CWK) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $17.3750.

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. Zacks Research downgraded shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. JMP Securities set a $19.00 price target on Cushman & Wakefield in a research note on Monday, November 3rd. The Goldman Sachs Group upgraded Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price objective on the stock in a research report on Friday, August 8th. Finally, Citigroup raised Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday.

Cushman & Wakefield Stock Up 8.7%

CWK stock opened at $16.02 on Friday. The business’s 50-day moving average price is $15.86 and its 200-day moving average price is $13.48. The stock has a market cap of $3.71 billion, a P/E ratio of 16.69 and a beta of 1.56. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39. Cushman & Wakefield has a twelve month low of $7.64 and a twelve month high of $17.33.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Thursday, October 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, equities research analysts forecast that Cushman & Wakefield will post 1.2 EPS for the current year.

Insider Buying and Selling

In other Cushman & Wakefield news, Director Angela Sun sold 6,800 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $16.02, for a total value of $108,936.00. Following the completion of the transaction, the director directly owned 46,498 shares in the company, valued at $744,897.96. This represents a 12.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Cushman & Wakefield

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

About Cushman & Wakefield

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.