Cushman & Wakefield PLC (NYSE:CWK) Stock Has Average Target Price of $16.57

Shares of Cushman & Wakefield PLC (NYSE:CWK) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.57.

CWK has been the topic of several recent research reports. Morgan Stanley reduced their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. UBS Group dropped their target price on Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Citigroup restated a “market outperform” rating on shares of Cushman & Wakefield in a research report on Thursday, October 22nd. Barclays upped their target price on Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Finally, Citizens Jmp reduced their price target on shares of Cushman & Wakefield from $19.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, October 22nd.

Cushman & Wakefield Stock Down 0.5%

CWK opened at $13.82 on Friday. The stock has a market cap of $3.24 billion, a PE ratio of 47.65 and a beta of 1.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.15. 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 $12.54 and its 200 day simple moving average is $13.31.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Cushman & Wakefield had a return on equity of 16.60% and a net margin of 0.63%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter last year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, research analysts expect that Cushman & Wakefield will post 1.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 12,500 shares of the business’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 value of $167,375.00. Following the completion of the sale, the insider directly owned 58,376 shares in the company, valued at approximately $781,654.64. The trade was a 17.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.74% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake 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 purchasing an additional 397,892 shares during the last quarter. Bank of America Corp DE boosted its position in Cushman & Wakefield by 13.2% during 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 buying an additional 247,475 shares during the period. Quantinno Capital Management LP boosted its position in Cushman & Wakefield by 176.7% during the first quarter. Quantinno Capital Management LP now owns 224,092 shares of the company’s stock valued at $2,747,000 after buying an additional 143,092 shares during the period. Sei Investments Co. grew its stake in shares of Cushman & Wakefield by 17.8% during the first quarter. Sei Investments Co. now owns 1,137,910 shares of the company’s stock valued at $13,951,000 after buying an additional 171,956 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Cushman & Wakefield during the second quarter valued at about $1,516,000. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield (NYSE: CWK) is a global commercial real estate services firm that advises property owners, occupiers, investors and developers. Its services include leasing and sales brokerage, capital markets, property and facilities management, valuation, project management and real estate consulting. The company serves clients across the Americas, Europe, the Middle East and Africa, and Asia-Pacific. Its history traces back to Cushman & Wakefield’s founding in 1917, and the current company took shape in 2015 following the combination of Cushman & Wakefield and DTZ.