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

Shares of Cushman & Wakefield PLC (NYSE:CWK) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $15.1250.

Several equities analysts recently issued reports on CWK shares. JPMorgan Chase & Co. boosted their price objective on Cushman & Wakefield from $13.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, August 26th. UBS Group upped their target price on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the company an “overweight” rating in a research report on Thursday, June 12th. The Goldman Sachs Group upgraded Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price target on the stock in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th.

Cushman & Wakefield Stock Down 1.8%

CWK opened at $15.69 on Friday. Cushman & Wakefield has a twelve month low of $7.64 and a twelve month high of $17.04. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 17.82 and a beta of 1.51. The firm’s 50-day simple moving average is $15.07 and its 200-day simple moving average is $11.85. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that Cushman & Wakefield will post 1.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Angela Sun sold 6,800 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $16.02, for a total value of $108,936.00. Following the transaction, the director directly owned 46,498 shares in the company, valued at $744,897.96. This trade represents a 12.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of Cushman & Wakefield by 126.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after acquiring an additional 1,321 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Cushman & Wakefield by 85.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock valued at $48,000 after buying an additional 2,012 shares during the last quarter. CENTRAL TRUST Co bought a new position in shares of Cushman & Wakefield during the 2nd quarter worth $50,000. Nomura Asset Management Co. Ltd. raised its stake in Cushman & Wakefield by 48.7% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company’s stock valued at $64,000 after acquiring an additional 1,900 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Cushman & Wakefield by 18.3% during the third quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock valued at $89,000 after purchasing an additional 867 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.