Cushman & Wakefield plc (NYSE:CWK) Receives Average Rating of “Hold” from Brokerages

Cushman & Wakefield plc (NYSE:CWK) has been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has 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 $10.30.

Several analysts recently weighed in on the company. Raymond James reduced their price objective on Cushman & Wakefield from $12.00 to $11.00 and set a “strong-buy” rating on the stock in a research note on Tuesday. Citigroup reissued a “neutral” rating and set a $10.50 price objective on shares of Cushman & Wakefield in a report on Monday, September 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CWK. Advisor Group Holdings Inc. increased its stake in Cushman & Wakefield by 3,128.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock valued at $46,000 after purchasing an additional 2,221 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Cushman & Wakefield by 3.7% during the 1st quarter. Bank of New York Mellon Corp now owns 550,325 shares of the company’s stock worth $11,287,000 after acquiring an additional 19,586 shares during the last quarter. US Bancorp DE grew its stake in shares of Cushman & Wakefield by 1,215.8% in the 1st quarter. US Bancorp DE now owns 8,237 shares of the company’s stock worth $169,000 after acquiring an additional 7,611 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Cushman & Wakefield by 7.0% in the first quarter. Bank of Montreal Can now owns 34,037 shares of the company’s stock valued at $711,000 after purchasing an additional 2,216 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Cushman & Wakefield by 199.9% during the first quarter. Acadian Asset Management LLC now owns 13,220 shares of the company’s stock valued at $271,000 after purchasing an additional 8,812 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $7.64 on Friday. The stock has a market capitalization of $1.73 billion, a PE ratio of -22.46 and a beta of 1.41. The firm has a fifty day simple moving average of $7.81 and a 200 day simple moving average of $8.52. Cushman & Wakefield has a 1-year low of $6.24 and a 1-year high of $15.63. The company has a current ratio of 1.18, a quick ratio of 1.24 and a debt-to-equity ratio of 1.99.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Monday, October 30th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Cushman & Wakefield had a negative net margin of 0.79% and a positive return on equity of 12.01%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the firm earned $0.43 EPS. The business’s revenue was down 9.1% on a year-over-year basis. On average, research analysts expect that Cushman & Wakefield will post 0.75 EPS for the current fiscal year.

Cushman & Wakefield Company Profile

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.