Cushman & Wakefield PLC (NYSE:CWK) Receives Average Recommendation of “Hold” from Brokerages

Cushman & Wakefield PLC (NYSE:CWK) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $18.00.

Several research analysts have weighed in on the company. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Barclays lowered their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Weiss Ratings cut Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Finally, The Goldman Sachs Group set a $17.00 price objective on Cushman & Wakefield and gave the stock a “buy” rating in a research report on Friday, May 22nd.

Insider Activity at Cushman & Wakefield

In related news, insider Nathaniel Robinson sold 24,828 shares of the firm’s 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 owned 70,876 shares in the company, valued at approximately $939,107. This trade represents a 25.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CWK. Dimensional Fund Advisors LP grew its position in 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 acquiring an additional 397,892 shares during the last quarter. State Street Corp boosted its stake in shares of Cushman & Wakefield by 2.2% during the fourth quarter. State Street Corp now owns 9,138,118 shares of the company’s stock valued at $147,946,000 after purchasing an additional 197,430 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Cushman & Wakefield by 23.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock valued at $105,549,000 after purchasing an additional 1,233,055 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Cushman & Wakefield by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock valued at $96,918,000 after purchasing an additional 29,832 shares in the last quarter. Finally, Channing Capital Management LLC boosted its stake in shares of Cushman & Wakefield by 46.0% during the fourth quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after purchasing an additional 1,609,190 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Up 0.0%

CWK stock opened at $13.50 on Wednesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 42.19 and a beta of 1.45. The business’s fifty day moving average price is $13.44 and its two-hundred day moving average price is $14.36. Cushman & Wakefield has a fifty-two week low of $10.14 and a fifty-two week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS. On average, equities analysts anticipate that Cushman & Wakefield will post 1.44 earnings per share for the current year.

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.