Cushman & Wakefield PLC (NYSE:CWK) Stock Has Consensus Price Target of $17.57 According to Analysts

Cushman & Wakefield PLC (NYSE:CWK) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.57.

CWK has been the topic of a number of recent research reports. UBS Group reduced their target price on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Weiss Ratings upgraded shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Barclays boosted their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th.

Insider Activity at Cushman & Wakefield

In related news, insider Nathaniel Robinson sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total transaction of $167,375.00. Following the sale, the insider owned 58,376 shares in the company, valued at approximately $781,654.64. This trade represents a 17.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laurida Sayed sold 16,000 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $13.88, for a total transaction of $222,080.00. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Cushman & Wakefield by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock valued at $162,424,000 after purchasing an additional 397,892 shares during the period. Bank of America Corp DE increased its stake in Cushman & Wakefield by 13.2% in the first 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 during the last quarter. Janus Henderson Group PLC lifted its position in Cushman & Wakefield by 9.3% during the first quarter. Janus Henderson Group PLC now owns 1,786,205 shares of the company’s stock worth $21,900,000 after buying an additional 152,647 shares during the period. Principal Financial Group Inc. lifted its position in Cushman & Wakefield by 4.9% during the first quarter. Principal Financial Group Inc. now owns 1,426,178 shares of the company’s stock worth $17,485,000 after buying an additional 66,382 shares during the period. Finally, Sei Investments Co. lifted its position in Cushman & Wakefield by 17.8% during the first quarter. Sei Investments Co. now owns 1,137,910 shares of the company’s stock worth $13,951,000 after buying an additional 171,956 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Up 5.2%

CWK opened at $11.62 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The firm has a market cap of $2.73 billion, a P/E ratio of 8.30 and a beta of 1.50. Cushman & Wakefield has a 52 week low of $10.88 and a 52 week high of $17.40. The business’s fifty day simple moving average is $13.01 and its 200 day simple moving average is $13.25.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 EPS for the quarter. Cushman & Wakefield had a return on equity of 15.90% and a net margin of 0.64%. The firm had revenue of $2.76 billion during the quarter. As a group, equities research analysts anticipate that Cushman & Wakefield will post 1.45 EPS for the current fiscal year.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc (NYSE: CWK) is a global commercial real estate services company that advises property owners, occupiers, investors and developers. Its services cover office, industrial, retail, hospitality, multifamily and other commercial property sectors.

The company provides leasing and tenant representation, capital markets and investment sales, valuation and advisory services, property and facilities management, project and development services, and consulting. Cushman & Wakefield also supports businesses with workplace strategy, portfolio planning and other real estate-related services.

The company traces its origins to 1917, when Cushman & Wakefield was established in New York.