Cushman & Wakefield PLC (NYSE:CWK) Receives Average Rating of “Moderate Buy” from Analysts

Cushman & Wakefield PLC (NYSE:CWK) has earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.8750.

A number of equities analysts have issued reports on CWK shares. UBS Group cut their target price on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Weiss Ratings raised shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. The Goldman Sachs Group set a $17.00 price objective on shares of Cushman & Wakefield and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Barclays upped their target price on Cushman & Wakefield from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th.

Insiders Place Their Bets

In related news, insider Nathaniel Robinson sold 24,828 shares of Cushman & Wakefield stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the sale, the insider owned 70,876 shares in the company, valued at approximately $939,107. This trade represents a 25.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laurida Sayed sold 16,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $13.88, for a total transaction of $222,080.00. Following the completion of the transaction, the insider directly owned 5,461 shares of the company’s stock, valued at $75,798.68. The trade was a 74.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.74% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after buying an additional 1,321 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Cushman & Wakefield during the fourth quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd boosted its position in Cushman & Wakefield by 184.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock worth $33,000 after acquiring an additional 1,318 shares during the last quarter. Quarry LP grew its stake in Cushman & Wakefield by 4,473.5% in the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 2,192 shares during the period. Finally, Covestor Ltd grew its stake in Cushman & Wakefield by 4,217.7% in the 4th quarter. Covestor Ltd now owns 2,677 shares of the company’s stock worth $43,000 after acquiring an additional 2,615 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 0.3%

Shares of CWK stock opened at $14.87 on Monday. The stock has a market cap of $3.49 billion, a P/E ratio of 51.28 and a beta of 1.43. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. Cushman & Wakefield has a fifty-two week low of $11.56 and a fifty-two week high of $17.40. The business has a fifty day simple moving average of $13.57 and a 200-day simple moving average of $13.39.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 EPS for the quarter. The business had revenue of $2.76 billion for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. On average, analysts forecast that Cushman & Wakefield will post 1.44 earnings per share for the current fiscal 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.