Brokerages Set Cushman & Wakefield plc (NYSE:CWK) PT at $11.08

Shares of Cushman & Wakefield plc (NYSE:CWK) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with 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 $11.08.

A number of brokerages have commented on CWK. Wolfe Research reissued a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Jefferies Financial Group initiated coverage on Cushman & Wakefield in a research report on Wednesday, April 10th. They set a “buy” rating and a $13.00 price objective on the stock. Finally, Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price for the company. in a report on Wednesday, April 3rd.

Insider Buying and Selling

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

Institutional Investors Weigh In On Cushman & Wakefield

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new position in shares of Cushman & Wakefield during the fourth quarter worth approximately $50,000. AXQ Capital LP bought a new position in Cushman & Wakefield in the third quarter worth approximately $79,000. Tower Research Capital LLC TRC grew its stake in Cushman & Wakefield by 352.1% in 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. Allspring Global Investments Holdings LLC increased its holdings in Cushman & Wakefield by 30.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock worth $88,000 after purchasing an additional 2,737 shares during the period. Finally, Pale Fire Capital SE bought a new stake in Cushman & Wakefield during the 4th quarter valued at $108,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $9.64 on Friday. Cushman & Wakefield has a 52 week low of $6.24 and a 52 week high of $11.76. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.85. The stock has a market cap of $2.19 billion, a PE ratio of -56.70 and a beta of 1.34. The business’s 50-day simple moving average is $9.90 and its two-hundred day simple moving average is $9.50.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The business’s revenue was down 3.6% on a year-over-year basis. As a group, analysts forecast that Cushman & Wakefield will post 0.99 EPS for the current fiscal year.

About Cushman & Wakefield

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.