Cushman & Wakefield plc (NYSE:CWK) Given Average Recommendation of “Buy” by Analysts

Cushman & Wakefield plc (NYSE:CWK – Get Rating) has earned a consensus recommendation of “Buy” from the ten analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $23.00.

CWK has been the topic of a number of recent analyst reports. Citigroup decreased their price target on Cushman & Wakefield from $23.00 to $21.00 in a research report on Thursday, April 21st. Morgan Stanley decreased their target price on Cushman & Wakefield from $23.00 to $22.50 and set an “overweight” rating on the stock in a research report on Thursday, May 19th. Raymond James decreased their target price on Cushman & Wakefield from $38.00 to $32.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 26th. The Goldman Sachs Group started coverage on Cushman & Wakefield in a research report on Tuesday, April 5th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Zacks Investment Research raised Cushman & Wakefield from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, May 10th.

In other Cushman & Wakefield news, President Andrew R. Mcdonald sold 13,478 shares of Cushman & Wakefield stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $21.63, for a total value of $291,529.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Andrew R. Mcdonald sold 2,061 shares of Cushman & Wakefield stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $21.00, for a total value of $43,281.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 160,955 shares of company stock valued at $3,330,380. 1.27% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CWK. First Trust Advisors LP increased its holdings in shares of Cushman & Wakefield by 0.6% during the first quarter. First Trust Advisors LP now owns 181,534 shares of the company’s stock valued at $3,231,000 after acquiring an additional 1,129 shares in the last quarter. Morgan Stanley increased its holdings in shares of Cushman & Wakefield by 34.3% during the second quarter. Morgan Stanley now owns 331,132 shares of the company’s stock valued at $5,784,000 after acquiring an additional 84,560 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Cushman & Wakefield by 7.1% during the third quarter. BlackRock Inc. now owns 8,908,048 shares of the company’s stock valued at $165,778,000 after acquiring an additional 588,132 shares in the last quarter. Barclays PLC grew its holdings in Cushman & Wakefield by 32.1% during the third quarter. Barclays PLC now owns 75,252 shares of the company’s stock worth $1,400,000 after buying an additional 18,301 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Cushman & Wakefield by 48.1% during the third quarter. Teacher Retirement System of Texas now owns 21,464 shares of the company’s stock worth $399,000 after buying an additional 6,973 shares in the last quarter. Hedge funds and other institutional investors own 82.33% of the company’s stock.

CWK stock opened at $17.97 on Tuesday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.73 and a beta of 1.37. The business’s fifty day moving average price is $19.00 and its two-hundred day moving average price is $20.13. Cushman & Wakefield has a fifty-two week low of $15.97 and a fifty-two week high of $23.54.

Cushman & Wakefield (NYSE:CWK – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.25. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Cushman & Wakefield had a return on equity of 27.90% and a net margin of 3.19%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) EPS. Research analysts expect that Cushman & Wakefield will post 2.49 EPS for the current year.

Cushman & Wakefield Company Profile (Get Rating)

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East, and Africa; and Asia Pacific segments.

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