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

Shares of Cushman & Wakefield plc (NYSE:CWK) have been assigned an average rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $11.08.

Several research analysts have weighed in on CWK shares. Raymond James downgraded Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target for the company. in a report on Wednesday, April 3rd. Wolfe Research restated a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group assumed coverage on shares of Cushman & Wakefield in a research note on Wednesday, April 10th. They issued a “buy” rating and a $13.00 target price on the stock.

Insiders Place Their Bets

In related news, insider Nathaniel Robinson sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.99, for a total value of $399,600.00. Following the transaction, the insider now owns 40,427 shares in the company, valued at $403,865.73. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Nathaniel Robinson sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were 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 of the company’s stock, valued at approximately $403,865.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the sale, the insider now owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cushman & Wakefield

A number of large investors have recently bought and sold shares of CWK. GAMMA Investing LLC acquired a new position in shares of Cushman & Wakefield during the fourth quarter worth approximately $50,000. Tower Research Capital LLC TRC raised its holdings in shares of Cushman & Wakefield by 352.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock valued at $79,000 after acquiring an additional 5,694 shares during the period. Pale Fire Capital SE purchased a new position in Cushman & Wakefield during the 4th quarter worth approximately $108,000. KG&L Capital Management LLC purchased a new position in shares of Cushman & Wakefield during the fourth quarter valued at $109,000. Finally, Xponance Inc. purchased a new position in Cushman & Wakefield during the 4th quarter valued at about $109,000. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $9.72 on Friday. Cushman & Wakefield has a 52 week low of $6.24 and a 52 week high of $11.76. The firm has a market capitalization of $2.21 billion, a PE ratio of -57.17 and a beta of 1.34. 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 firm’s 50-day simple moving average is $9.96 and its 200 day simple moving average is $9.46.

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

Cushman & Wakefield Company Profile

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.