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

Shares of Cushman & Wakefield PLC (NYSE:CWK) have received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $17.5714.

Several analysts have recently issued reports on CWK shares. Weiss Ratings upgraded shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Barclays upped their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. UBS Group decreased their price target 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. Finally, The Goldman Sachs Group set a $17.00 price objective on Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $12.51 on Friday. The company’s fifty day moving average price is $13.59 and its 200 day moving average price is $13.32. Cushman & Wakefield has a 1 year low of $11.56 and a 1 year high of $17.40. The stock has a market capitalization of $2.94 billion, a P/E ratio of 43.12 and a beta of 1.44. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.35 EPS for the quarter. The company had revenue of $2.76 billion during the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. As a group, equities research analysts anticipate that Cushman & Wakefield will post 1.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Nathaniel Robinson sold 12,500 shares of Cushman & Wakefield 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 sale, the insider directly owned 58,376 shares of the company’s stock, valued at $781,654.64. The trade was a 17.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Laurida Sayed sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $13.88, for a total value of $222,080.00. Following the sale, the insider owned 5,461 shares of the company’s stock, valued at $75,798.68. The trade was a 74.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.74% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC purchased a new position in Cushman & Wakefield in the first quarter worth approximately $6,672,000. Renaissance Technologies LLC acquired a new stake in Cushman & Wakefield during the first quarter worth $6,101,000. Kennedy Capital Management LLC raised its position in Cushman & Wakefield by 83.0% in the fourth quarter. Kennedy Capital Management LLC now owns 877,200 shares of the company’s stock valued at $14,202,000 after purchasing an additional 397,943 shares during the period. Dimensional Fund Advisors LP raised its position in Cushman & Wakefield by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock valued at $162,424,000 after purchasing an additional 397,892 shares during the period. Finally, Nicholas Investment Partners LP acquired a new position in shares of Cushman & Wakefield in the 4th quarter valued at $4,634,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc is a global commercial real estate services company that helps property owners, occupiers, investors and developers manage and transact real estate. Its services include leasing, capital markets advisory, valuation and appraisal, investment and asset management, research, consulting, and tenant representation.

The company also provides property, facilities and project management services, supporting clients with day-to-day operations, workplace strategy, construction and development projects, and real estate portfolio planning.