Cushman & Wakefield PLC (NYSE:CWK) Receives $15.13 Consensus Price Target from Brokerages

Cushman & Wakefield PLC (NYSE:CWK) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $15.1250.

Several research firms recently weighed in on CWK. UBS Group boosted their price objective on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group upgraded shares of Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 target price for the company in a research report on Friday, August 8th. Morgan Stanley set a $14.50 target price on shares of Cushman & Wakefield and gave the company an “overweight” rating in a research report on Thursday, June 12th. Citizens Jmp assumed coverage on Cushman & Wakefield in a report on Monday, July 21st. They issued a “strong-buy” rating and a $15.00 price objective for the company. Finally, Wall Street Zen upgraded Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th.

Insider Buying and Selling

In related news, Director Angela Sun sold 6,800 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $16.02, for a total value of $108,936.00. Following the completion of the sale, the director owned 46,498 shares in the company, valued at approximately $744,897.96. This represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Cushman & Wakefield by 2.6% in the first quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company’s stock valued at $13,367,000 after purchasing an additional 32,795 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Cushman & Wakefield by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company’s stock valued at $5,972,000 after buying an additional 11,247 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Cushman & Wakefield in the 1st quarter valued at $333,000. Deutsche Bank AG increased its position in shares of Cushman & Wakefield by 58.0% in the 4th quarter. Deutsche Bank AG now owns 206,164 shares of the company’s stock valued at $2,697,000 after buying an additional 75,693 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Cushman & Wakefield in the 1st quarter valued at $450,000. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

CWK stock opened at $15.97 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50 day moving average price of $13.56 and a 200 day moving average price of $11.31. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $16.60. The stock has a market capitalization of $3.70 billion, a PE ratio of 18.14 and a beta of 1.53.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the previous year, the company posted $0.20 EPS. Cushman & Wakefield’s revenue was up 7.2% on a year-over-year basis. Analysts forecast that Cushman & Wakefield will post 1.2 EPS for the current year.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.