Cushman & Wakefield (NYSE:CWK) Hits New 12-Month High – Here’s What Happened

Cushman & Wakefield PLC (NYSE:CWK)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $17.40 and last traded at $16.94, with a volume of 171483 shares. The stock had previously closed at $17.03.

Analyst Ratings Changes

A number of research firms have issued reports on CWK. Zacks Research downgraded shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. UBS Group boosted their price target on Cushman & Wakefield from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Barclays reissued a “positive” rating and set a $19.00 price target on shares of Cushman & Wakefield in a research report on Tuesday, January 13th. Citizens Jmp lifted their price objective on Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a report on Monday, November 3rd. Finally, Morgan Stanley reissued an “overweight” rating and set a $19.00 target price on shares of Cushman & Wakefield in a report on Friday, January 16th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.56.

Cushman & Wakefield Trading Down 2.5%

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average of $16.18 and a two-hundred day moving average of $15.29. The firm has a market capitalization of $3.76 billion, a P/E ratio of 16.89 and a beta of 1.47.

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 firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

A number of hedge funds and other institutional investors have recently bought and sold shares of CWK. Royal Bank of Canada boosted its stake in shares of Cushman & Wakefield by 39.6% during the first quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock valued at $1,007,000 after purchasing an additional 27,940 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cushman & Wakefield by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock valued at $1,393,000 after buying an additional 5,929 shares during the last quarter. United Services Automobile Association acquired a new stake in Cushman & Wakefield during the 1st quarter worth approximately $139,000. Jane Street Group LLC grew its holdings in Cushman & Wakefield by 1,821.3% during the 1st quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock worth $2,855,000 after acquiring an additional 264,855 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in Cushman & Wakefield in the 1st quarter valued at approximately $218,000. Institutional investors own 95.56% of the company’s stock.

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.