Cushman & Wakefield PLC (NYSE:CWK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Cushman & Wakefield PLC (NYSE:CWK) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.00.

Several analysts have recently commented on CWK shares. Barclays lowered their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. The Goldman Sachs Group set a $17.00 price target on Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd. Weiss Ratings raised Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, June 26th. Finally, Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th.

Cushman & Wakefield Trading Down 0.0%

NYSE:CWK opened at $13.99 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13. Cushman & Wakefield has a one year low of $10.94 and a one year high of $17.40. The company has a market cap of $3.28 billion, a PE ratio of 43.71 and a beta of 1.44. The firm has a 50-day moving average of $13.35 and a 200-day moving average of $14.09.

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

Insider Activity

In other news, insider Nathaniel Robinson sold 24,828 shares of the 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 owned 70,876 shares in the company, valued at $939,107. This represents a 25.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.74% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in Cushman & Wakefield in the 4th quarter worth about $32,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Cushman & Wakefield by 184.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock worth $33,000 after buying an additional 1,318 shares in the last quarter. Quarry LP lifted its position in shares of Cushman & Wakefield by 4,473.5% during the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after buying an additional 2,192 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after buying an additional 1,321 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Cushman & Wakefield by 4,217.7% in the 4th quarter. Covestor Ltd now owns 2,677 shares of the company’s stock worth $43,000 after buying an additional 2,615 shares during the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

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.