Brokerages Set Cushman & Wakefield PLC (NYSE:CWK) Price Target at $18.00

Cushman & Wakefield PLC (NYSE:CWK) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.00.

CWK has been the topic of several recent research reports. Weiss Ratings upgraded Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, June 26th. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Barclays cut their price target on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th.

Insider Buying and Selling

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the transaction, the insider owned 70,876 shares in the company, valued at approximately $939,107. This represents a 25.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new position in Cushman & Wakefield during the 3rd quarter worth approximately $3,538,000. Lighthouse Investment Partners LLC purchased a new position in shares of Cushman & Wakefield during the 3rd quarter worth approximately $7,558,000. Bessemer Group Inc. lifted its holdings in shares of Cushman & Wakefield by 62,083.6% in the 4th quarter. Bessemer Group Inc. now owns 871,814 shares of the company’s stock valued at $14,115,000 after buying an additional 870,412 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Cushman & Wakefield by 27.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 649,886 shares of the company’s stock valued at $10,294,000 after buying an additional 141,800 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of Cushman & Wakefield by 308.2% in the fourth quarter. Ritholtz Wealth Management now owns 191,542 shares of the company’s stock valued at $3,101,000 after buying an additional 144,622 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Up 0.2%

Shares of Cushman & Wakefield stock opened at $13.82 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $3.24 billion, a P/E ratio of 43.19 and a beta of 1.44. Cushman & Wakefield has a 1 year low of $10.94 and a 1 year high of $17.40. The company’s fifty day moving average is $13.33 and its two-hundred day moving average is $14.06.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company earned $0.09 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Analysts forecast that Cushman & Wakefield will post 1.45 earnings per share for the current year.

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.