Analysts Set Cushman & Wakefield plc (NYSE:CWK) Price Target at $11.08

Shares of Cushman & Wakefield plc (NYSE:CWK - Get Free Report) have been assigned an average rating of "Hold" from the five brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.08.

CWK has been the topic of several research reports. Raymond James lowered shares of Cushman & Wakefield from a "strong-buy" rating to an "outperform" rating and set a $13.00 price target on the stock. in a research report on Wednesday, April 3rd. Jefferies Financial Group initiated coverage on shares of Cushman & Wakefield in a research report on Wednesday, April 10th. They issued a "buy" rating and a $13.00 price target on the stock. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th.

Insider Buying and Selling

In related news, insider Nathaniel Robinson sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the sale, the insider now owns 40,427 shares in the company, valued at $403,865.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the transaction, the insider now owns 40,427 shares of the company's stock, valued at $403,865.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the transaction, the insider now directly owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The disclosure for this sale can be found here. 1.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. SummerHaven Investment Management LLC boosted its holdings in shares of Cushman & Wakefield by 1.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 77,588 shares of the company's stock valued at $838,000 after buying an additional 1,026 shares during the period. Barclays PLC boosted its holdings in shares of Cushman & Wakefield by 1.9% in the 3rd quarter. Barclays PLC now owns 104,697 shares of the company's stock valued at $797,000 after buying an additional 1,983 shares during the period. Paralel Advisors LLC boosted its holdings in shares of Cushman & Wakefield by 1.3% in the 3rd quarter. Paralel Advisors LLC now owns 181,657 shares of the company's stock valued at $1,384,000 after buying an additional 2,268 shares during the period. Olympiad Research LP boosted its holdings in shares of Cushman & Wakefield by 13.2% in the 3rd quarter. Olympiad Research LP now owns 20,006 shares of the company's stock valued at $152,000 after buying an additional 2,332 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Cushman & Wakefield by 30.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company's stock valued at $88,000 after buying an additional 2,737 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Price Performance

CWK traded up $0.15 on Friday, hitting $9.72. 1,285,263 shares of the company were exchanged, compared to its average volume of 2,063,274. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.17 and a current ratio of 1.17. The business's fifty day moving average is $10.00 and its 200 day moving average is $9.42. Cushman & Wakefield has a fifty-two week low of $6.24 and a fifty-two week high of $11.76. The firm has a market capitalization of $2.21 billion, a P/E ratio of -57.18 and a beta of 1.34.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the business posted $0.46 earnings per share. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cushman & Wakefield will post 0.99 EPS for the current year.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.