Cushman & Wakefield PLC (NYSE:CWK) Stock Has Average Price Target of $17.57

Cushman & Wakefield PLC (NYSE:CWK) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.57.

Several analysts have recently weighed in on CWK shares. Zacks Research downgraded shares of Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a report on Friday. Weiss Ratings upgraded shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Barclays increased their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Finally, UBS Group reduced their price objective on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, August 10th.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $11.05 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $2.59 billion, a P/E ratio of 8.50 and a beta of 1.50. The company’s fifty day moving average is $12.92 and its two-hundred day moving average is $13.24. Cushman & Wakefield has a 1 year low of $10.88 and a 1 year high of $17.40.

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

Insider Buying and Selling

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $13.39, for a total transaction of $167,375.00. Following the transaction, the insider owned 58,376 shares in the company, valued at approximately $781,654.64. The trade was a 17.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction, the insider owned 5,461 shares in the company, valued at $75,798.68. The trade was a 74.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is currently owned by insiders.

Institutional Trading of Cushman & Wakefield

A number of institutional investors have recently modified their holdings of the business. Jennison Associates LLC purchased a new stake in shares of Cushman & Wakefield in the first quarter valued at about $6,672,000. Renaissance Technologies LLC purchased a new position in Cushman & Wakefield during the first quarter worth $6,101,000. Kennedy Capital Management LLC raised its holdings in shares of Cushman & Wakefield by 83.0% in the fourth quarter. Kennedy Capital Management LLC now owns 877,200 shares of the company’s stock worth $14,202,000 after acquiring an additional 397,943 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Cushman & Wakefield by 3.1% in the 1st 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 last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Cushman & Wakefield by 13.2% during the 1st quarter. Bank of America Corp DE now owns 2,126,440 shares of the company’s stock worth $26,070,000 after purchasing an additional 247,475 shares during the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

About Cushman & Wakefield

Cushman & Wakefield plc (NYSE: CWK) is a global commercial real estate services company that advises property owners, occupiers, investors and developers. Its services cover office, industrial, retail, hospitality, multifamily and other commercial property sectors.

The company provides leasing and tenant representation, capital markets and investment sales, valuation and advisory services, property and facilities management, project and development services, and consulting. Cushman & Wakefield also supports businesses with workplace strategy, portfolio planning and other real estate-related services.

The company traces its origins to 1917, when Cushman & Wakefield was established in New York.