Cushman & Wakefield PLC (NYSE:CWK) Receives $17.88 Average PT from Brokerages

Shares of Cushman & Wakefield PLC (NYSE:CWK) have received an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $18.00.

Several equities research analysts recently commented on CWK shares. JMP Securities set a $19.00 price objective on Cushman & Wakefield in a report on Monday, November 3rd. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, November 20th. Citizens Jmp boosted their price objective on shares of Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a report on Monday, November 3rd. Wall Street Zen upgraded shares of Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Finally, UBS Group lifted their target price on shares of Cushman & Wakefield from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th.

Institutional Trading of Cushman & Wakefield

A number of hedge funds have recently bought and sold shares of the company. First Horizon Corp bought a new position in Cushman & Wakefield in the third quarter valued at about $32,000. Quarry LP increased 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 valued at $36,000 after purchasing an additional 2,192 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 1,321 shares during the period. Community Bank N.A. purchased a new position in shares of Cushman & Wakefield in the third quarter worth approximately $45,000. Finally, Osaic Holdings Inc. grew its position in Cushman & Wakefield by 85.9% during the second 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 period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Shares of NYSE CWK opened at $17.04 on Friday. The firm has a market cap of $3.95 billion, a P/E ratio of 17.75 and a beta of 1.47. Cushman & Wakefield has a twelve month low of $7.64 and a twelve month high of $17.33. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39. The company has a 50 day moving average of $16.05 and a 200 day moving average of $15.08.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Thursday, October 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. Cushman & Wakefield had a return on equity of 14.69% and a net margin of 2.23%.The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. As a group, research analysts expect that Cushman & Wakefield will post 1.2 EPS for the current fiscal 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.