Cushman & Wakefield PLC (NYSE:CWK) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Cushman & Wakefield PLC (NYSE:CWK) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $17.57.

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. UBS Group reduced their price target on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Finally, Barclays lifted their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th.

Cushman & Wakefield Stock Down 2.5%

Shares of CWK stock opened at $11.31 on Tuesday. The stock’s 50-day simple moving average is $12.96 and its 200-day simple moving average is $13.24. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $2.66 billion, a PE ratio of 39.02 and a beta of 1.50. Cushman & Wakefield has a fifty-two week low of $10.88 and a fifty-two week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 earnings per share (EPS) for the quarter. Cushman & Wakefield had a return on equity of 15.90% and a net margin of 0.64%. The firm had revenue of $2.76 billion during the quarter. Equities analysts expect that Cushman & Wakefield will post 1.45 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Nathaniel Robinson sold 12,500 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total transaction of $167,375.00. Following the completion of the transaction, the insider owned 58,376 shares of the company’s stock, valued at $781,654.64. This trade represents a 17.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Laurida Sayed sold 16,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $13.88, for a total transaction of $222,080.00. Following the transaction, the insider directly owned 5,461 shares of the company’s stock, valued at approximately $75,798.68. This trade represents a 74.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cushman & Wakefield

Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of Cushman & Wakefield by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock valued at $162,424,000 after buying an additional 397,892 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Cushman & Wakefield by 13.2% during the 1st quarter. Bank of America Corp DE now owns 2,126,440 shares of the company’s stock valued at $26,070,000 after buying an additional 247,475 shares in the last quarter. Janus Henderson Group PLC grew its stake in Cushman & Wakefield by 9.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,786,205 shares of the company’s stock valued at $21,900,000 after acquiring an additional 152,647 shares during the period. Principal Financial Group Inc. grew its stake in Cushman & Wakefield by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,426,178 shares of the company’s stock valued at $17,485,000 after acquiring an additional 66,382 shares during the period. Finally, Sei Investments Co. grew its stake in Cushman & Wakefield by 17.8% in the 1st quarter. Sei Investments Co. now owns 1,137,910 shares of the company’s stock valued at $13,951,000 after acquiring an additional 171,956 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield plc (NYSE: CWK) is a global commercial real estate services company that advises property owners, occupiers, investors and developers. Its services cover office, industrial, retail, hospitality, multifamily and other commercial property sectors.

The company provides leasing and tenant representation, capital markets and investment sales, valuation and advisory services, property and facilities management, project and development services, and consulting. Cushman & Wakefield also supports businesses with workplace strategy, portfolio planning and other real estate-related services.

The company traces its origins to 1917, when Cushman & Wakefield was established in New York.