Cushman & Wakefield (NYSE:CWK) Shares Gap Up – Still a Buy?

Cushman & Wakefield PLC (NYSE:CWK)’s share price gapped up before the market opened on Friday . The stock had previously closed at $14.74, but opened at $15.39. Cushman & Wakefield shares last traded at $15.6270, with a volume of 596,180 shares.

Wall Street Analysts Forecast Growth

CWK has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. The Goldman Sachs Group raised shares of Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price objective on the stock in a research note on Friday, August 8th. Zacks Research lowered Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.38.

Cushman & Wakefield Trading Up 8.2%

The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 16.59 and a beta of 1.56. The company’s 50 day simple moving average is $15.87 and its two-hundred day simple moving average is $13.44.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the company posted $0.23 EPS. Cushman & Wakefield’s revenue was up 11.2% on a year-over-year basis. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. Research analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Insider Activity at Cushman & Wakefield

In other news, Director Angela Sun sold 6,800 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $16.02, for a total transaction of $108,936.00. Following the transaction, the director owned 46,498 shares in the company, valued at $744,897.96. This represents a 12.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds have recently bought and sold shares of the business. Frontier Capital Management Co. LLC bought a new position in Cushman & Wakefield during the second quarter valued at about $51,764,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Cushman & Wakefield by 46.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company’s stock worth $134,573,000 after acquiring an additional 3,842,859 shares in the last quarter. Channing Capital Management LLC acquired a new position in shares of Cushman & Wakefield during the 3rd quarter valued at about $55,665,000. Deutsche Bank AG raised its stake in shares of Cushman & Wakefield by 807.1% in the 1st quarter. Deutsche Bank AG now owns 1,870,044 shares of the company’s stock valued at $19,112,000 after acquiring an additional 1,663,880 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Cushman & Wakefield by 128.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after purchasing an additional 1,620,143 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.