Cushman & Wakefield PLC (NYSE:CWK) Stock Has Consensus Price Target of $16.57 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Cushman & Wakefield, with five buys, three holds and one sell among nine analysts. Their average 12-month price target is $16.57.
• The company beat quarterly estimates, reporting earnings of $0.37 per share versus $0.36 expected and revenue of $2.81 billion versus $2.78 billion; revenue rose 7.7% year over year.
• Recent analyst views were mixed: UBS lowered its price target to $15 and Zacks downgraded the stock, while Citigroup maintained an outperform rating and Barclays raised its target to $16.

Shares of Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) have earned an average recommendation of "Hold" from the nine analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $16.57.

CWK has been the topic of a number of research analyst reports. UBS Group cut their price objective on shares of Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Monday, August 10th. Zacks Research downgraded Cushman & Wakefield from a "hold" rating to a "strong sell" rating in a research report on Friday, October 16th. Citigroup reiterated a "market outperform" rating on shares of Cushman & Wakefield in a report on Thursday, October 22nd. Citizens Jmp lowered their price objective on Cushman & Wakefield from $19.00 to $16.00 and set a "market outperform" rating for the company in a research report on Thursday, October 22nd. Finally, Barclays boosted their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Monday, August 17th.

Insider Buying and Selling at Cushman & Wakefield

In related news, insider Laurida Sayed sold 16,000 shares of the company'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 transaction of $222,080.00. Following the sale, the insider directly owned 5,461 shares of the company's stock, valued at approximately $75,798.68. This represents a 74.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nathaniel Robinson sold 12,500 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $13.39, for a total transaction of $167,375.00. Following the sale, the insider owned 58,376 shares of the company's stock, valued at $781,654.64. This trade represents a 17.64% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.74% of the company's stock.

Institutional Investors Weigh In On Cushman & Wakefield

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in shares of Cushman & Wakefield by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company's stock worth $162,424,000 after purchasing an additional 397,892 shares during the period. Bank of America Corp DE raised its holdings in Cushman & Wakefield by 13.2% during the first quarter. Bank of America Corp DE now owns 2,126,440 shares of the company's stock valued at $26,070,000 after buying an additional 247,475 shares in the last quarter. Quantinno Capital Management LP grew its stake in Cushman & Wakefield by 176.7% during the first quarter. Quantinno Capital Management LP now owns 224,092 shares of the company's stock worth $2,747,000 after buying an additional 143,092 shares during the last quarter. Sei Investments Co. boosted its stake in Cushman & Wakefield by 17.8% in the 1st quarter. Sei Investments Co. now owns 1,137,910 shares of the company's stock worth $13,951,000 after purchasing an additional 171,956 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Cushman & Wakefield during the 2nd quarter worth about $1,516,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock opened at $14.02 on Friday. The stock's 50-day moving average is $12.51 and its 200-day moving average is $13.35. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 48.33 and a beta of 1.53. Cushman & Wakefield has a one year low of $10.88 and a one year high of $17.40. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the prior year, the firm earned $0.29 EPS. The company's revenue was up 7.7% compared to the same quarter last year. Equities analysts predict that Cushman & Wakefield will post 1.47 earnings per share for the current fiscal year.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc NYSE: CWK is a global commercial real estate services company that provides advisory, transaction, and property-related solutions to property owners, occupiers, investors, and developers. The company serves clients across office, industrial, retail, multifamily, hospitality, and other real estate sectors.

Its services include leasing and tenant representation, capital markets and investment sales, valuation and advisory, property and facilities management, project and development services, and workplace and portfolio consulting.

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