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

Cushman & Wakefield PLC (NYSE:CWK) has been given a consensus rating of “Moderate Buy” by the ten research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.00.

A number of analysts recently commented on CWK shares. Wall Street Zen lowered Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings upgraded Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, June 26th. Finally, The Goldman Sachs Group set a $17.00 price objective on Cushman & Wakefield and gave the company a “buy” rating in a research note on Friday, May 22nd.

Cushman & Wakefield Stock Down 0.2%

NYSE:CWK traded down $0.03 during trading hours on Friday, reaching $13.47. The company had a trading volume of 922,619 shares, compared to its average volume of 2,179,895. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 42.09 and a beta of 1.44. The business’s 50-day simple moving average is $13.28 and its two-hundred day simple moving average is $14.02. Cushman & Wakefield has a twelve month low of $10.94 and a twelve month high of $17.40.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. On average, equities analysts expect that Cushman & Wakefield will post 1.45 earnings per share for the current year.

Insider Activity

In related news, insider Nathaniel Robinson sold 24,828 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total value of $328,971.00. Following the transaction, the insider directly owned 70,876 shares in the company, valued at $939,107. This trade represents a 25.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.74% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its position in shares of Cushman & Wakefield by 126.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,321 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Cushman & Wakefield in the 4th quarter valued at about $32,000. Caitong International Asset Management Co. Ltd lifted its position in Cushman & Wakefield by 184.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock valued at $33,000 after acquiring an additional 1,318 shares in the last quarter. Quarry LP boosted its stake in Cushman & Wakefield by 4,473.5% during the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 2,192 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Cushman & Wakefield by 4,217.7% during the 4th quarter. Covestor Ltd now owns 2,677 shares of the company’s stock valued at $43,000 after purchasing an additional 2,615 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.