Cushman & Wakefield (NYSE:CWK) Stock Jumps 8.8% – Still a Buy?

Shares of Cushman & Wakefield PLC (NYSE:CWK) traded up 8.8% during mid-day trading on Monday. The stock traded as high as $14.42 and last traded at $14.47. Approximately 2,205,472 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 2,103,135 shares. The stock had previously closed at $13.30.

Analyst Ratings Changes

CWK has been the topic of a number of recent research reports. Zacks Research downgraded Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. UBS Group reduced their price target on Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Morgan Stanley decreased their price target on Cushman & Wakefield from $19.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Weiss Ratings raised Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Citizens Jmp lowered their price objective on Cushman & Wakefield from $19.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, October 22nd. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.57.

Cushman & Wakefield Stock Up 7.5%

The business’s fifty day simple moving average is $12.55 and its two-hundred day simple moving average is $13.41. The company has a market cap of $3.35 billion, a PE ratio of 49.28 and a beta of 1.52. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Tuesday, June 30th. The company reported $0.35 earnings per share (EPS) for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. The business had revenue of $2.76 billion for the quarter. On average, analysts predict that Cushman & Wakefield PLC will post 1.45 earnings per share for the current year.

Insider Transactions at Cushman & Wakefield

In other Cushman & Wakefield news, insider Laurida Sayed sold 16,000 shares of the stock in a transaction that occurred 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 owned 5,461 shares in the company, valued at approximately $75,798.68. This represents a 74.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nathaniel Robinson sold 12,500 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $13.39, for a total value of $167,375.00. Following the transaction, the insider owned 58,376 shares in the company, valued at $781,654.64. This represents a 17.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Integrity Alliance LLC. purchased a new position in Cushman & Wakefield during the third quarter valued at $148,000. Park Avenue Securities LLC increased its stake in shares of Cushman & Wakefield by 2.1% during the third quarter. Park Avenue Securities LLC now owns 64,214 shares of the company’s stock worth $758,000 after purchasing an additional 1,335 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of Cushman & Wakefield by 7.8% during the third quarter. Wedbush Securities Inc. now owns 19,428 shares of the company’s stock worth $229,000 after purchasing an additional 1,399 shares in the last quarter. Seven Mile Advisory purchased a new stake in shares of Cushman & Wakefield during the third quarter worth about $156,000. Finally, GAMMA Investing LLC raised its position in shares of Cushman & Wakefield by 33.9% during the 3rd quarter. GAMMA Investing LLC now owns 8,606 shares of the company’s stock worth $102,000 after purchasing an additional 2,177 shares during the last quarter. 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 provides advisory, transaction, and property-related solutions to property owners, occupiers, investors, and developers. The company serves clients across office, industrial, retail, multifamily, hospitality, and other real estate sectors.

Its services include leasing and tenant representation, capital markets and investment sales, valuation and advisory, property and facilities management, project and development services, and workplace and portfolio consulting.