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

Key Points

• Cushman & Wakefield has a “Moderate Buy” consensus rating from 10 analysts, evenly split between five buy and five hold ratings. The average 12-month price target is $17.875, above the stock’s reported price of $14.87.
• The company reported quarterly EPS of $0.35 on revenue of $2.76 billion, while analysts expect full-year EPS of $1.44. Shares have traded between $11.56 and $17.40 over the past year.
• Two insiders recently sold shares, reducing their holdings substantially, while hedge funds and other institutional investors own 95.56% of the company.

Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $17.8750.

A number of research analysts have recently issued reports on CWK shares. Barclays boosted their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, August 17th. Weiss Ratings raised 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 target price on Cushman & Wakefield and gave the stock a "buy" rating in a research report on Friday, May 22nd. Finally, UBS Group cut their target price 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.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $14.87 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day simple moving average of $13.57 and a 200-day simple moving average of $13.39. Cushman & Wakefield has a 12 month low of $11.56 and a 12 month high of $17.40. The stock has a market capitalization of $3.49 billion, a PE ratio of 51.28 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced 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 for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. Equities analysts predict that Cushman & Wakefield will post 1.44 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Nathaniel Robinson sold 24,828 shares of the company's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total transaction of $328,971.00. Following the transaction, the insider owned 70,876 shares of the company's stock, valued at $939,107. This represents a 25.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Laurida Sayed sold 16,000 shares of the stock in a transaction 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 owned 5,461 shares of the company's stock, valued at $75,798.68. The trade was a 74.55% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.74% of the company's stock.

Hedge Funds Weigh In On Cushman & Wakefield

A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in 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 buying an additional 1,321 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Cushman & Wakefield in the fourth quarter valued at about $32,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Cushman & Wakefield by 184.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company's stock valued at $33,000 after acquiring an additional 1,318 shares during the period. Quarry LP lifted its position in shares of Cushman & Wakefield by 4,473.5% during the 3rd quarter. Quarry LP now owns 2,241 shares of the company's stock valued at $36,000 after acquiring an additional 2,192 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Cushman & Wakefield by 4,217.7% during the 4th quarter. Covestor Ltd now owns 2,677 shares of the company's stock worth $43,000 after acquiring an additional 2,615 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

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.

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