Cushman & Wakefield PLC (NYSE:CWK) Given Consensus Rating of “Hold” by Analysts

Shares of Cushman & Wakefield PLC (NYSE:CWK) have been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $18.00.

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. The Goldman Sachs Group set a $17.00 price objective on shares of Cushman & Wakefield and gave the company a “buy” rating in a research note on Friday, May 22nd. Barclays cut their price objective on shares of 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. Finally, Weiss Ratings cut shares of Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th.

Cushman & Wakefield Price Performance

Shares of NYSE:CWK opened at $13.85 on Wednesday. The company’s fifty day moving average price is $13.37 and its 200-day moving average price is $14.41. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 43.30 and a beta of 1.44. Cushman & Wakefield has a one year low of $10.14 and a one year high of $17.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. On average, equities research analysts anticipate that Cushman & Wakefield will post 1.44 earnings per share for the current fiscal year.

Insider Activity

In other 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 value of $328,971.00. Following the completion of the sale, the insider owned 70,876 shares of the company’s stock, valued at approximately $939,107. This represents a 25.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.74% of the company’s stock.

Institutional Investors Weigh In On Cushman & Wakefield

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Cushman & Wakefield by 13.2% in the 1st quarter. Bank of America Corp DE now owns 2,126,440 shares of the company’s stock valued at $26,070,000 after purchasing an additional 247,475 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Cushman & Wakefield by 9.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,786,205 shares of the company’s stock valued at $21,900,000 after purchasing an additional 152,647 shares in the last quarter. Amundi boosted its stake in shares of Cushman & Wakefield by 46.4% in the 1st quarter. Amundi now owns 57,207 shares of the company’s stock valued at $701,000 after purchasing an additional 18,132 shares in the last quarter. California State Teachers Retirement System boosted its position in Cushman & Wakefield by 23.6% during the 1st quarter. California State Teachers Retirement System now owns 270,919 shares of the company’s stock valued at $3,321,000 after buying an additional 51,665 shares during the period. Finally, Royal Bank of Canada boosted its position in Cushman & Wakefield by 104.2% during the 1st quarter. Royal Bank of Canada now owns 41,345 shares of the company’s stock valued at $507,000 after buying an additional 21,094 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

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.