Cushman & Wakefield PLC (NYSE:CWK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Cushman & Wakefield PLC (NYSE:CWK) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.75.

A number of equities research analysts have recently commented on CWK shares. Citizens Jmp started coverage on shares of Cushman & Wakefield in a report on Monday, July 21st. They set a “strong-buy” rating and a $15.00 price target on the stock. UBS Group increased their price target on shares of Cushman & Wakefield from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. Finally, JMP Securities increased their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th.

Cushman & Wakefield Price Performance

Shares of NYSE CWK opened at $17.04 on Tuesday. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $17.33. The company has a 50 day simple moving average of $15.92 and a two-hundred day simple moving average of $12.60. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 19.36 and a beta of 1.51. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13.

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

Insider Transactions at Cushman & Wakefield

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

Institutional Investors Weigh In On Cushman & Wakefield

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Corp purchased a new stake in Cushman & Wakefield in the third quarter worth approximately $32,000. Oliver Luxxe Assets LLC boosted its stake in shares of Cushman & Wakefield by 26.7% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 148,095 shares of the company’s stock worth $2,358,000 after acquiring an additional 31,186 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Cushman & Wakefield by 12.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,201 shares of the company’s stock worth $99,000 after acquiring an additional 667 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Cushman & Wakefield during the 3rd quarter worth $294,000. Finally, SG Americas Securities LLC boosted its stake in shares of Cushman & Wakefield by 298.3% during the 3rd quarter. SG Americas Securities LLC now owns 67,980 shares of the company’s stock worth $1,082,000 after acquiring an additional 50,912 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

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.