Cushman & Wakefield PLC (NYSE:CWK) Receives $15.13 Consensus Target Price from Analysts

Key Points

• Cushman & Wakefield PLC has received a consensus recommendation of "Moderate Buy" from eight analysts, with an average price target of $15.1250.
• Notable price target increases include JMP Securities raising it to $16.00 and Goldman Sachs lifting it to $17.50, reflecting positive market sentiment.
• The company reported earnings per share of $0.30 for the last quarter, surpassing estimates and showing a 7.2% increase in revenue compared to the same quarter last year.

Shares of Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $15.1250.

Several brokerages recently issued reports on CWK. JMP Securities raised their target price on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Morgan Stanley set a $14.50 target price on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. The Goldman Sachs Group upgraded shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 target price for the company in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Finally, UBS Group raised their price objective on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd.

Insider Activity at Cushman & Wakefield

In other news, Director Angela Sun sold 6,800 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $16.02, for a total transaction of $108,936.00. Following the transaction, the director directly owned 46,498 shares of the company's stock, valued at approximately $744,897.96. This trade represents a 12.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Yousif Capital Management LLC increased its holdings in shares of Cushman & Wakefield by 1.0% during the second quarter. Yousif Capital Management LLC now owns 90,691 shares of the company's stock worth $1,004,000 after purchasing an additional 934 shares during the period. First Trust Advisors LP increased its holdings in shares of Cushman & Wakefield by 6.6% during the second quarter. First Trust Advisors LP now owns 17,567 shares of the company's stock worth $194,000 after purchasing an additional 1,091 shares during the period. Oliver Luxxe Assets LLC increased its holdings in shares of Cushman & Wakefield by 1.0% during the second quarter. Oliver Luxxe Assets LLC now owns 116,909 shares of the company's stock worth $1,294,000 after purchasing an additional 1,118 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Cushman & Wakefield by 126.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company's stock worth $26,000 after purchasing an additional 1,321 shares during the period. Finally, California State Teachers Retirement System increased its holdings in shares of Cushman & Wakefield by 0.6% during the second quarter. California State Teachers Retirement System now owns 212,024 shares of the company's stock worth $2,347,000 after purchasing an additional 1,358 shares during the period. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Stock Up 0.2%

Shares of Cushman & Wakefield stock traded up $0.04 during trading hours on Monday, reaching $16.63. 1,620,436 shares of the company's stock were exchanged, compared to its average volume of 1,996,825. The company has a 50 day moving average of $13.75 and a two-hundred day moving average of $11.38. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $16.77. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. The stock has a market cap of $3.85 billion, a P/E ratio of 18.90 and a beta of 1.53.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the business posted $0.20 EPS. Cushman & Wakefield's revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts forecast that Cushman & Wakefield will post 1.2 EPS for the current fiscal year.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.