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

Cushman & Wakefield PLC (NYSE:CWK) has received an average rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com 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 price objective among brokers that have issued a report on the stock in the last year is $18.00.

Several equities analysts have commented on CWK shares. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research report on Monday, February 9th. The Goldman Sachs Group set a $17.00 price objective on Cushman & Wakefield and gave the company a “buy” rating in a research report on Friday. Barclays lowered their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Finally, Wall Street Zen lowered Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $12.90 on Friday. The stock has a market cap of $3.02 billion, a P/E ratio of 40.30 and a beta of 1.50. The firm’s fifty day simple moving average is $13.16 and its 200 day simple moving average is $14.62. Cushman & Wakefield has a twelve month low of $9.43 and a twelve month high of $17.40. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34.

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

Insider Buying and Selling

In other news, insider Nathaniel Robinson sold 10,000 shares of Cushman & Wakefield stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $13.52, for a total value of $135,200.00. Following the completion of the transaction, the insider owned 95,704 shares of the company’s stock, valued at $1,293,918.08. The trade was a 9.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.74% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Cushman & Wakefield by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock worth $162,424,000 after purchasing an additional 397,892 shares during the last quarter. State Street Corp raised its position in shares of Cushman & Wakefield by 2.2% in the 4th quarter. State Street Corp now owns 9,138,118 shares of the company’s stock worth $147,946,000 after purchasing an additional 197,430 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Cushman & Wakefield by 23.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock worth $105,549,000 after purchasing an additional 1,233,055 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cushman & Wakefield by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock worth $96,918,000 after purchasing an additional 29,832 shares during the last quarter. Finally, Channing Capital Management LLC raised its position in shares of Cushman & Wakefield by 46.0% in the 4th quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock worth $82,662,000 after purchasing an additional 1,609,190 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

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.