Cushman & Wakefield PLC (NYSE:CWK) Stock Has Consensus Price Target of $17.57 According to Brokerages

Key Points

• Cushman & Wakefield has a “Moderate Buy” consensus rating from nine analysts, with five buys and four holds. The average 12-month price target is $17.57, above the reported share price of $11.54.
• The company reported quarterly EPS of $0.35 on $2.76 billion in revenue, while analysts expect full-year EPS of $1.46. Shares are down 0.7% and trade near their 52-week low of $11.15.
• Institutional investors own 95.56% of the company, with several major funds increasing or initiating positions. Meanwhile, two insiders recently sold shares, and insiders collectively own 0.74% of the stock.

Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine brokerages that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $17.57.

Several brokerages have recently issued reports on CWK. Barclays lifted their target price on Cushman & Wakefield from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Monday, August 17th. UBS Group dropped their price target on Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Monday, August 10th. Finally, Weiss Ratings raised Cushman & Wakefield from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 6th.

Cushman & Wakefield Stock Down 0.7%

Shares of CWK stock opened at $11.54 on Tuesday. The stock has a market cap of $2.71 billion, a P/E ratio of 39.80 and a beta of 1.50. Cushman & Wakefield has a 52 week low of $11.15 and a 52 week high of $17.40. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The company's fifty day simple moving average is $13.17 and its two-hundred day simple moving average is $13.26.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 EPS for the quarter. The business had revenue of $2.76 billion during the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. Analysts predict that Cushman & Wakefield will post 1.46 EPS for the current fiscal year.

Insider Activity at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 12,500 shares of the 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 completion of the transaction, the insider directly owned 58,376 shares in the company, valued at approximately $781,654.64. This represents a 17.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laurida Sayed sold 16,000 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $13.88, for a total transaction of $222,080.00. Following the completion of the transaction, the insider directly owned 5,461 shares of the company's stock, valued at approximately $75,798.68. This trade represents a 74.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cushman & Wakefield

Several institutional investors have recently bought and sold shares of CWK. Jennison Associates LLC purchased a new position in Cushman & Wakefield in the first quarter worth about $6,672,000. Renaissance Technologies LLC bought a new stake in Cushman & Wakefield during the first quarter worth approximately $6,101,000. Kennedy Capital Management LLC increased its stake in Cushman & Wakefield by 83.0% during 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 position in 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. Finally, Bank of America Corp DE raised its position 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 purchasing an additional 247,475 shares during the period. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Company Profile

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.

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