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. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and self-performed facilities services, which include janitorial, maintenance, critical environment management, landscaping, and office services. The company also provides owner representation and tenant representation leasing services; capital market services, including investment sales and equity, and debt and structured financing for real estate purchase and sales transactions; and appraisal management, investment management, valuation advisory, portfolio advisory, diligence advisory, dispute analysis and litigation support, financial reporting, and property and/or portfolio valuation services on real estate debt and equity decisions. Cushman & Wakefield has strategic partnerships with Vanke Service (Hong Kong) Co., Limited. It serves real estate owners and occupiers, such as tenants, investors, and multi-national corporations. Cushman & Wakefield plc was founded in 1784 and is based in London, the United Kingdom.
Analyst Upgrades and Downgrades
CWK has been the topic of several recent analyst reports. Citigroup dropped their target price on shares of Cushman & Wakefield from $23.00 to $21.00 in a report on Thursday, April 21st. Morgan Stanley decreased their price target on shares of Cushman & Wakefield from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 6th. Finally, Raymond James decreased their price target on shares of Cushman & Wakefield from $38.00 to $32.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 26th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $25.00.
Cushman & Wakefield Stock Performance
NYSE:CWK traded down $0.73 during midday trading on Friday, hitting $15.88. The company had a trading volume of 970,681 shares, compared to its average volume of 619,547. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.09. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 10.11 and a beta of 1.40. The firm has a fifty day simple moving average of $15.89 and a two-hundred day simple moving average of $18.51. Cushman & Wakefield has a fifty-two week low of $13.90 and a fifty-two week high of $23.54.
Cushman & Wakefield (NYSE:CWK - Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.09. Cushman & Wakefield had a net margin of 3.52% and a return on equity of 33.11%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the business earned $0.23 EPS. The firm's revenue was up 15.7% on a year-over-year basis. Equities analysts forecast that Cushman & Wakefield will post 2.33 earnings per share for the current fiscal year.
Insider Activity
In other news, major shareholder Drone Holding Gp I. Ltd Pagac sold 2,156,391 shares of Cushman & Wakefield stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $18.39, for a total transaction of $39,656,030.49. Following the sale, the insider now directly owns 25,717,475 shares in the company, valued at approximately $472,944,365.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder Drone Holding Gp I. Ltd Pagac sold 2,156,391 shares of Cushman & Wakefield stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $18.39, for a total transaction of $39,656,030.49. Following the sale, the insider now directly owns 25,717,475 shares in the company, valued at approximately $472,944,365.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michelle Mackay purchased 3,500 shares of the business's stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average cost of $14.64 per share, with a total value of $51,240.00. Following the completion of the acquisition, the insider now directly owns 50,760 shares in the company, valued at $743,126.40. The disclosure for this purchase can be found here. 1.27% of the stock is owned by company insiders.
