Cushman & Wakefield plc (NYSE:CWK) Given Average Recommendation of “Hold” by Analysts

Shares of Cushman & Wakefield plc (NYSE:CWK) have been given a consensus rating of “Hold” by the five research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.08.

CWK has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Cushman & Wakefield in a research note on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price objective on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Finally, Raymond James cut shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target for the company. in a report on Wednesday, April 3rd.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $9.57 on Friday. The business has a 50 day moving average of $10.00 and a 200-day moving average of $9.42. The company has a market capitalization of $2.18 billion, a P/E ratio of -56.29 and a beta of 1.34. Cushman & Wakefield has a 1 year low of $6.24 and a 1 year high of $11.76. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.17 and a quick ratio of 1.17.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the company posted $0.46 EPS. The company’s revenue was down 3.6% on a year-over-year basis. On average, equities research analysts predict that Cushman & Wakefield will post 0.99 earnings per share for the current year.

Insider Buying and Selling

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the transaction, the insider now owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Nathaniel Robinson sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the sale, the insider now owns 40,427 shares of the company’s stock, valued at $403,865.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the transaction, the insider now directly owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The disclosure for this sale can be found here. 1.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in shares of Cushman & Wakefield in the 4th quarter valued at about $50,000. AXQ Capital LP bought a new position in shares of Cushman & Wakefield in the third quarter worth approximately $79,000. Tower Research Capital LLC TRC raised its stake in Cushman & Wakefield by 352.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock valued at $79,000 after purchasing an additional 5,694 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Cushman & Wakefield by 30.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after purchasing an additional 2,737 shares during the last quarter. Finally, Pale Fire Capital SE purchased a new position in Cushman & Wakefield in the 4th quarter worth approximately $108,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.