Cushman & Wakefield plc (NYSE:CWK) Receives $11.50 Average Target Price from Analysts

Shares of Cushman & Wakefield plc (NYSE:CWK) have been assigned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $11.58.

Several equities research analysts have recently weighed in on the stock. Raymond James downgraded shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price for the company. in a research note on Wednesday, April 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Jefferies Financial Group assumed coverage on shares of Cushman & Wakefield in a research note on Wednesday, April 10th. They set a “buy” rating and a $13.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Cushman & Wakefield from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, June 21st.

Insider Buying and Selling

In related news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $11.00, for a total transaction of $188,078,011.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds 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 4th quarter worth approximately $50,000. Tower Research Capital LLC TRC increased its stake in shares of Cushman & Wakefield by 352.1% during the 4th 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. Pale Fire Capital SE purchased a new position in shares of 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 4th quarter worth approximately $109,000. Finally, Xponance Inc. purchased a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $109,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $10.33 on Friday. Cushman & Wakefield has a 1 year low of $6.24 and a 1 year high of $11.83. The company has a market capitalization of $2.37 billion, a PE ratio of 258.25 and a beta of 1.34. The company has a fifty day moving average of $10.39 and a two-hundred day moving average of $10.26. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.13 and a quick ratio of 1.13.

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.