Cushman & Wakefield (NYSE:CWK) Stock Breaks Above 200 Day Moving Average - Here's Why

Key Points

• Cushman & Wakefield shares rose 7.5%, trading as high as $14.53 and moving above their 200-day average of $13.40 on elevated volume.
• Analyst sentiment is mixed: the stock has an overall “Hold” consensus rating and a $16.57 average price target, with five Buy, three Hold, and one Sell rating.
• The company reported quarterly EPS of $0.35 on $2.76 billion in revenue, while institutional investors own a substantial 95.56% of outstanding shares.

Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $13.40 and traded as high as $14.53. Cushman & Wakefield shares last traded at $14.2910, with a volume of 5,072,657 shares.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CWK. Citizens Jmp cut their target price on Cushman & Wakefield from $19.00 to $16.00 and set a "market outperform" rating for the company in a research note on Thursday, October 22nd. Zacks Research downgraded shares of Cushman & Wakefield from a "hold" rating to a "strong sell" rating in a research note on Friday, October 16th. Citigroup restated a "market outperform" rating on shares of Cushman & Wakefield in a report on Thursday, October 22nd. Weiss Ratings raised shares of Cushman & Wakefield from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. Finally, UBS Group cut their price objective on shares of Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $16.57.

Cushman & Wakefield Stock Up 7.5%

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 company has a market capitalization of $3.35 billion, a P/E ratio of 49.28 and a beta of 1.50. The company has a 50 day moving average of $12.54 and a 200-day moving average of $13.40.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.35 EPS for the quarter. The business had revenue of $2.76 billion during the quarter. Cushman & Wakefield had a return on equity of 15.90% and a net margin of 0.64%. As a group, equities analysts anticipate that Cushman & Wakefield PLC will post 1.45 EPS for the current year.

Insiders Place Their Bets

In other Cushman & Wakefield news, insider Laurida Sayed sold 16,000 shares of the business's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $13.88, for a total transaction of $222,080.00. Following the transaction, the insider directly owned 5,461 shares of the company's stock, valued at approximately $75,798.68. The trade was a 74.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nathaniel Robinson sold 12,500 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $13.39, for a total transaction of $167,375.00. Following the completion of the transaction, the insider owned 58,376 shares of the company's stock, valued at $781,654.64. This trade represents a 17.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.74% of the company's stock.

Hedge Funds Weigh In On Cushman & Wakefield

A number of institutional investors have recently bought and sold shares of CWK. Versant Capital Management Inc raised its position in shares of Cushman & Wakefield by 21.7% in the 2nd quarter. Versant Capital Management Inc now owns 4,464 shares of the company's stock worth $60,000 after acquiring an additional 795 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Cushman & Wakefield by 18.4% during the third quarter. Farther Finance Advisors LLC now owns 7,629 shares of the company's stock valued at $90,000 after purchasing an additional 1,188 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Cushman & Wakefield by 33.9% during the third quarter. GAMMA Investing LLC now owns 8,606 shares of the company's stock valued at $102,000 after purchasing an additional 2,177 shares in the last quarter. Integrity Alliance LLC. bought a new stake in shares of Cushman & Wakefield during the third quarter valued at approximately $148,000. Finally, Seven Mile Advisory purchased a new stake in Cushman & Wakefield in the third quarter worth $156,000. 95.56% of the stock is owned by institutional investors.

About Cushman & Wakefield

Cushman & Wakefield plc NYSE: CWK is a global commercial real estate services company that provides advisory, transaction, and property-related solutions to property owners, occupiers, investors, and developers. The company serves clients across office, industrial, retail, multifamily, hospitality, and other real estate sectors.

Its services include leasing and tenant representation, capital markets and investment sales, valuation and advisory, property and facilities management, project and development services, and workplace and portfolio consulting.

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