Cushman & Wakefield PLC (NYSE:CWK) Given Average Rating of “Moderate Buy” by Analysts

Shares of Cushman & Wakefield PLC (NYSE:CWK) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.00.

CWK has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Barclays lowered their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Weiss Ratings raised Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. Finally, The Goldman Sachs Group set a $17.00 price objective on Cushman & Wakefield and gave the company a “buy” rating in a research note on Friday, May 22nd.

Insiders Place Their Bets

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total value of $328,971.00. Following the transaction, the insider directly owned 70,876 shares of the company’s stock, valued at approximately $939,107. The trade was a 25.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.74% of the company’s stock.

Institutional Trading of Cushman & Wakefield

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Cushman & Wakefield by 3.1% during 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. State Street Corp lifted its holdings in shares of Cushman & Wakefield by 2.2% in the 4th quarter. State Street Corp now owns 9,138,118 shares of the company’s stock worth $147,946,000 after purchasing an additional 197,430 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Cushman & Wakefield by 23.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock valued at $105,549,000 after purchasing an additional 1,233,055 shares during the period. Geode Capital Management LLC grew its position in Cushman & Wakefield by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock valued at $96,918,000 after purchasing an additional 29,832 shares during the period. Finally, Channing Capital Management LLC grew its position in Cushman & Wakefield by 46.0% in the 4th quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after purchasing an additional 1,609,190 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Down 0.0%

Shares of NYSE CWK opened at $13.99 on Friday. The company has a market capitalization of $3.28 billion, a P/E ratio of 43.71 and a beta of 1.44. Cushman & Wakefield has a 52-week low of $10.94 and a 52-week high of $17.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. The company’s 50 day moving average price is $13.35 and its 200-day moving average price is $14.09.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company posted $0.09 earnings per share. Cushman & Wakefield’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts forecast that Cushman & Wakefield will post 1.44 earnings per share for the current 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.