Cushman & Wakefield PLC (NYSE:CWK) Receives $18.00 Average PT from Analysts

Shares of Cushman & Wakefield PLC (NYSE:CWK) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.00.

Several brokerages have commented on CWK. Weiss Ratings upgraded shares of Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, June 26th. The Goldman Sachs Group set a $17.00 target price on shares of Cushman & Wakefield and gave the company a “buy” rating in a research note on Friday, May 22nd.

Cushman & Wakefield Price Performance

CWK opened at $13.60 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. Cushman & Wakefield has a 52-week low of $11.56 and a 52-week high of $17.40. The stock has a market capitalization of $3.19 billion, a PE ratio of 42.51 and a beta of 1.43. The stock’s 50 day moving average price is $13.27 and its 200-day moving average price is $13.64.

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

Insider Buying and Selling

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $13.25, for a total value of $328,971.00. Following the completion of the sale, the insider directly owned 70,876 shares in the company, valued at $939,107. This trade represents a 25.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.74% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Cushman & Wakefield by 21.7% in the second quarter. Versant Capital Management Inc now owns 4,464 shares of the company’s stock worth $60,000 after purchasing an additional 795 shares during the period. Cerity Partners LLC raised its position in shares of Cushman & Wakefield by 7.4% during the 4th quarter. Cerity Partners LLC now owns 12,572 shares of the company’s stock valued at $204,000 after purchasing an additional 865 shares during the period. Cetera Investment Advisers raised its position in shares of Cushman & Wakefield by 1.8% during the 1st quarter. Cetera Investment Advisers now owns 49,108 shares of the company’s stock valued at $602,000 after purchasing an additional 876 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Cushman & Wakefield by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,029 shares of the company’s stock valued at $859,000 after buying an additional 900 shares in the last quarter. Finally, First Horizon Corp lifted its stake in shares of Cushman & Wakefield by 52.0% during the 4th quarter. First Horizon Corp now owns 3,040 shares of the company’s stock valued at $49,000 after buying an additional 1,040 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

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.