Cushman & Wakefield (NYSE:CWK) Earns "Peer Perform" Rating from Wolfe Research

Wolfe Research restated their peer perform rating on shares of Cushman & Wakefield (NYSE:CWK - Free Report) in a research note released on Tuesday, Marketbeat.com reports.

Separately, Raymond James downgraded shares of Cushman & Wakefield from a strong-buy rating to an outperform rating and set a $13.00 price objective for the company. in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $10.75.

Cushman & Wakefield Stock Down 3.4 %

Cushman & Wakefield stock traded down $0.37 during trading on Tuesday, reaching $10.61. The stock had a trading volume of 1,740,347 shares, compared to its average volume of 2,131,244. Cushman & Wakefield has a 52-week low of $6.24 and a 52-week high of $11.76. The business has a 50 day moving average price of $10.19 and a 200 day moving average price of $9.26. 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 stock has a market cap of $2.41 billion, a PE ratio of -62.41 and a beta of 1.34.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The firm's quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts predict that Cushman & Wakefield will post 0.99 EPS for the current year.

Insider Activity

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

Hedge Funds Weigh In On Cushman & Wakefield

A number of institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors Inc. increased its stake in Cushman & Wakefield by 4.2% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 23,221 shares of the company's stock valued at $289,000 after buying an additional 937 shares during the period. SummerHaven Investment Management LLC increased its stake in 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. Nomura Asset Management Co. Ltd. increased its stake in Cushman & Wakefield by 108.3% in the 1st 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 during the period. Mariner LLC increased its stake in Cushman & Wakefield by 5.7% in the 3rd quarter. Mariner LLC now owns 25,253 shares of the company's stock valued at $192,000 after buying an additional 1,355 shares during the period. Finally, Royal Bank of Canada increased its stake in Cushman & Wakefield by 3.8% in the 3rd quarter. Royal Bank of Canada now owns 40,094 shares of the company's stock valued at $305,000 after buying an additional 1,485 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Company Profile

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.