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

Shares of Cushman & Wakefield PLC (NYSE:CWK) have earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.0625.

Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Monday, February 9th. Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Barclays cut their target price on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th.

Insider Transactions at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $13.52, for a total value of $135,200.00. Following the transaction, the insider owned 95,704 shares of the company’s stock, valued at $1,293,918.08. This trade represents a 9.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.74% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cushman & Wakefield

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Cushman & Wakefield by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock worth $162,424,000 after acquiring an additional 397,892 shares during the last quarter. State Street Corp lifted its holdings in Cushman & Wakefield by 2.2% in the fourth quarter. State Street Corp now owns 9,138,118 shares of the company’s stock worth $147,946,000 after acquiring an additional 197,430 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Cushman & Wakefield by 23.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock worth $105,549,000 after acquiring an additional 1,233,055 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Cushman & Wakefield by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock worth $96,918,000 after acquiring an additional 29,832 shares during the last quarter. Finally, Channing Capital Management LLC increased its stake in shares of Cushman & Wakefield by 46.0% in the fourth quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after purchasing an additional 1,609,190 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $12.84 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. Cushman & Wakefield has a one year low of $9.43 and a one year high of $17.40. The company’s 50-day simple moving average is $13.13 and its 200-day simple moving average is $14.66. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 40.12 and a beta of 1.50.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts anticipate 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.