Cushman & Wakefield plc (NYSE:CWK) Given Consensus Rating of “Hold” by Brokerages

Cushman & Wakefield plc (NYSE:CWK) has received an average recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $11.08.

Several research analysts recently commented on the company. Raymond James downgraded Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective for the company. in a research note on Wednesday, April 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group assumed coverage on Cushman & Wakefield in a research note on Wednesday, April 10th. They set a “buy” rating and a $13.00 target price for the company.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $9.57 on Friday. The company has a market capitalization of $2.18 billion, a P/E ratio of -56.29 and a beta of 1.34. Cushman & Wakefield has a 12-month low of $6.24 and a 12-month high of $11.76. The business’s 50 day moving average is $10.00 and its two-hundred day moving average is $9.42. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.85.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. Analysts expect that Cushman & Wakefield will post 0.99 EPS for the current fiscal year.

Insider Buying and Selling at Cushman & Wakefield

In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the transaction, the insider now owns 17,098,001 shares in the company, valued at $166,534,529.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total value of $75,338,451.96. Following the transaction, the insider now owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.99, for a total value of $399,600.00. Following the sale, the insider now directly owns 40,427 shares of the company’s stock, valued at $403,865.73. The disclosure for this sale can be found here. 1.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in Cushman & Wakefield in the fourth quarter valued at $50,000. Tower Research Capital LLC TRC increased its position in shares of Cushman & Wakefield by 352.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock worth $79,000 after purchasing an additional 5,694 shares in the last quarter. Pale Fire Capital SE purchased a new stake in shares of Cushman & Wakefield in the 4th quarter valued at about $108,000. KG&L Capital Management LLC acquired a new stake in shares of Cushman & Wakefield in the 4th quarter valued at about $109,000. Finally, Xponance Inc. acquired a new stake in shares of Cushman & Wakefield in the 4th quarter valued at about $109,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

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.