Shares of Cushman & Wakefield PLC (NYSE:CWK) have received an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $22.67.

CWK has been the topic of a number of research analyst reports. ValuEngine lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. JPMorgan Chase & Co. lifted their price objective on shares of Cushman & Wakefield from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Barclays set a $23.00 target price on shares of Cushman & Wakefield and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Bank of America assumed coverage on Cushman & Wakefield in a research note on Friday, October 18th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, Zacks Investment Research downgraded Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 12th.

In other Cushman & Wakefield news, insider Duncan Palmer sold 3,599 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $18.82, for a total value of $67,733.18. Also, major shareholder Tpg Asia Advisors Vi, Inc. sold 4,321,011 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $18.18, for a total transaction of $78,555,979.98. The disclosure for this sale can be found here. Insiders sold a total of 4,450,986 shares of company stock valued at $80,910,369 in the last 90 days. 0.85% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. TPG Group Holdings SBS Advisors Inc. purchased a new position in shares of Cushman & Wakefield in the third quarter worth about $964,133,000. Ontario Teachers Pension Plan Board increased its holdings in Cushman & Wakefield by 0.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 15,960,277 shares of the company’s stock valued at $285,370,000 after purchasing an additional 99,885 shares during the period. Vanguard Group Inc. increased its holdings in Cushman & Wakefield by 78.8% during the 2nd quarter. Vanguard Group Inc. now owns 12,954,653 shares of the company’s stock valued at $231,628,000 after purchasing an additional 5,708,593 shares during the period. JPMorgan Chase & Co. raised its position in Cushman & Wakefield by 2.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,315,634 shares of the company’s stock valued at $164,701,000 after purchasing an additional 261,438 shares during the last quarter. Finally, BlackRock Inc. raised its position in Cushman & Wakefield by 61.5% during the 2nd quarter. BlackRock Inc. now owns 5,130,843 shares of the company’s stock valued at $91,739,000 after purchasing an additional 1,954,155 shares during the last quarter. 68.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CWK opened at $19.42 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.51. The business has a 50-day moving average of $18.90 and a 200-day moving average of $18.18. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of -17.82, a PEG ratio of 4.18 and a beta of 1.98. Cushman & Wakefield has a 12 month low of $13.25 and a 12 month high of $20.62.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Tuesday, November 5th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Cushman & Wakefield had a negative net margin of 0.24% and a negative return on equity of 1.60%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts predict that Cushman & Wakefield will post 0.47 earnings per share for the current year.

About Cushman & Wakefield

Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

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