Jefferies Financial Group Begins Coverage on Cushman & Wakefield (NYSE:CWK)

Jefferies Financial Group began coverage on shares of Cushman & Wakefield (NYSE:CWK - Free Report) in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $13.00 price target on the stock.

A number of other analysts have also recently weighed in on the company. Raymond James cut 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. Wolfe Research restated a peer perform rating on shares of Cushman & Wakefield in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $11.07.

Cushman & Wakefield Stock Performance

NYSE:CWK traded down $0.47 during trading hours on Wednesday, reaching $10.14. 1,807,704 shares of the stock were exchanged, compared to its average volume of 2,126,554. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.85. The firm has a 50 day simple moving average of $10.19 and a 200-day simple moving average of $9.26. Cushman & Wakefield has a 52 week low of $6.24 and a 52 week high of $11.76. The stock has a market capitalization of $2.30 billion, a P/E ratio of -59.61 and a beta of 1.34.

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

Insider Buying and Selling at Cushman & Wakefield

In other news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm's stock in a transaction 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 completion of the sale, the insider now directly owns 17,098,001 shares of the company's stock, valued at approximately $166,534,529.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the sale, the insider now owns 17,098,001 shares of the company's stock, valued at $166,534,529.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathaniel Robinson sold 40,000 shares of the firm's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.99, for a total value of $399,600.00. Following the completion of the sale, the insider now directly owns 40,427 shares of the company's stock, valued at approximately $403,865.73. The disclosure for this sale can be found here. 1.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Cushman & Wakefield

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. raised its holdings in shares of Cushman & Wakefield by 3,128.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company's stock worth $46,000 after acquiring an additional 2,221 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Cushman & Wakefield by 108.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 2,500 shares of the company's stock valued at $26,000 after buying an additional 1,300 shares in the last quarter. GAMMA Investing LLC bought a new position in Cushman & Wakefield during the fourth quarter valued at about $50,000. Dark Forest Capital Management LP bought a new position in Cushman & Wakefield during the first quarter valued at about $62,000. Finally, Captrust Financial Advisors raised its holdings in Cushman & Wakefield by 353.6% during the second quarter. Captrust Financial Advisors now owns 7,094 shares of the company's stock valued at $108,000 after buying an additional 5,530 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company's stock.

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.