Cushman & Wakefield PLC (NYSE:CWK) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Cushman & Wakefield has a “Moderate Buy” consensus rating from nine brokerages, with five buys and four holds. Analysts’ average 12-month price target is $17.57, versus the stock’s recent $12.51 price.
• Recent analyst actions were mixed: UBS cut its target to $15 and maintained a neutral rating, while Barclays raised its target to $16 with an equal-weight rating; Goldman Sachs maintained a $17 buy target.
• Insiders sold shares in multiple transactions, while institutional investors broadly increased holdings; institutions own 95.56% of the stock. The company reported quarterly EPS of $0.35 on $2.76 billion in revenue.

Shares of Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $17.5714.

CWK has been the subject of several research analyst reports. UBS Group decreased their target price on Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Cushman & Wakefield from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the stock a "buy" rating in a research note on Friday, May 22nd. Finally, Barclays lifted their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, August 17th.

Insider Buying and Selling

In related 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 value of $167,375.00. Following the completion of the sale, the insider owned 58,376 shares in the company, valued at approximately $781,654.64. The trade was a 17.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laurida Sayed sold 16,000 shares of the 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 completion of the transaction, the insider directly owned 5,461 shares in the company, valued at approximately $75,798.68. This trade represents a 74.55% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.74% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CWK. Versant Capital Management Inc grew its position in shares of Cushman & Wakefield by 21.7% during the 2nd quarter. Versant Capital Management Inc now owns 4,464 shares of the company's stock valued at $60,000 after acquiring an additional 795 shares during the period. Cetera Investment Advisers increased its stake in shares of Cushman & Wakefield by 1.8% in the 1st quarter. Cetera Investment Advisers now owns 49,108 shares of the company's stock valued at $602,000 after purchasing an additional 876 shares in the last quarter. New Age Alpha Advisors LLC raised its holdings in Cushman & Wakefield by 4.1% in the 4th quarter. New Age Alpha Advisors LLC now owns 33,403 shares of the company's stock worth $541,000 after purchasing an additional 1,313 shares during the period. ProShare Advisors LLC raised its holdings in Cushman & Wakefield by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 45,009 shares of the company's stock worth $729,000 after purchasing an additional 1,377 shares during the period. Finally, Personal CFO Solutions LLC boosted its position in Cushman & Wakefield by 11.2% during the first quarter. Personal CFO Solutions LLC now owns 16,326 shares of the company's stock worth $200,000 after purchasing an additional 1,650 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Trading Down 0.3%

Shares of NYSE CWK opened at $12.51 on Friday. Cushman & Wakefield has a fifty-two week low of $11.56 and a fifty-two week high of $17.40. 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 company has a market cap of $2.94 billion, a price-to-earnings ratio of 43.12 and a beta of 1.44. The business's 50 day moving average price is $13.59 and its 200-day moving average price is $13.32.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $2.76 billion during the quarter. Cushman & Wakefield had a return on equity of 15.90% and a net margin of 0.64%. On average, sell-side analysts expect that Cushman & Wakefield will post 1.46 earnings per share for the current year.

About Cushman & Wakefield

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.

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