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

Shares of Cushman & Wakefield PLC (NYSE:CWK) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.5714.

A number of equities research analysts have recently issued reports on CWK shares. 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 report on Friday, May 22nd. Weiss Ratings raised Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Barclays increased their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Finally, UBS Group decreased their price objective on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th.

Insider Activity

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of Cushman & Wakefield stock in a transaction dated 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 $939,107. The trade was a 25.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Laurida Sayed sold 16,000 shares of Cushman & Wakefield stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $13.88, for a total value of $222,080.00. Following the completion of the transaction, the insider owned 5,461 shares in the company, valued at approximately $75,798.68. This represents a 74.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.74% of the company’s stock.

Institutional Investors Weigh In On Cushman & Wakefield

Hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in shares of Cushman & Wakefield by 1,212.4% during the second quarter. California State Teachers Retirement System now owns 3,555,460 shares of the company’s stock valued at $47,608,000 after purchasing an additional 3,284,541 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Cushman & Wakefield by 128.6% during the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after purchasing an additional 1,620,143 shares during the period. Channing Capital Management LLC grew its stake in shares of Cushman & Wakefield by 46.0% in the fourth quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock worth $82,662,000 after purchasing an additional 1,609,190 shares during the last quarter. Bamco Inc. NY acquired a new position in Cushman & Wakefield during the 4th quarter worth about $23,982,000. Finally, Millennium Management LLC increased its stake in shares of Cushman & Wakefield by 374.6% in the third quarter. Millennium Management LLC now owns 1,716,049 shares of the company’s stock valued at $27,320,000 after buying an additional 1,354,476 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $14.11 on Monday. The firm has a 50-day moving average of $13.71 and a 200-day moving average of $13.37. 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 stock has a market cap of $3.31 billion, a PE ratio of 48.66 and a beta of 1.43. Cushman & Wakefield has a 52-week low of $11.56 and a 52-week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $2.76 billion during the quarter. Cushman & Wakefield had a return on equity of 15.90% and a net margin of 0.64%. On average, sell-side analysts anticipate that Cushman & Wakefield will post 1.44 EPS for the current year.

Cushman & Wakefield Company Profile

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.