Shares of Cushman & Wakefield PLC (NYSE:CWK – Get Free Report) have earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.00.
CWK has been the subject of several analyst reports. Weiss Ratings cut shares of Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Barclays dropped their target price on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th.
Insider Activity at Cushman & Wakefield
Institutional Investors Weigh In On Cushman & Wakefield
Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of Cushman & Wakefield by 13.2% in the 1st quarter. Bank of America Corp DE now owns 2,126,440 shares of the company’s stock worth $26,070,000 after purchasing an additional 247,475 shares during the period. Janus Henderson Group PLC lifted its position in shares of Cushman & Wakefield by 9.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,786,205 shares of the company’s stock worth $21,900,000 after purchasing an additional 152,647 shares during the period. Amundi lifted its position in shares of Cushman & Wakefield by 46.4% in the 1st quarter. Amundi now owns 57,207 shares of the company’s stock worth $701,000 after purchasing an additional 18,132 shares during the period. California State Teachers Retirement System lifted its position in shares of Cushman & Wakefield by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 270,919 shares of the company’s stock worth $3,321,000 after purchasing an additional 51,665 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Cushman & Wakefield by 104.2% in the 1st quarter. Royal Bank of Canada now owns 41,345 shares of the company’s stock worth $507,000 after purchasing an additional 21,094 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.
Cushman & Wakefield Trading Up 4.6%
Shares of CWK opened at $13.85 on Wednesday. The stock has a market capitalization of $3.25 billion, a P/E ratio of 43.30 and a beta of 1.44. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34. The firm has a fifty day simple moving average of $13.37 and a two-hundred day simple moving average of $14.41. Cushman & Wakefield has a twelve month low of $10.14 and a twelve month high of $17.40.
Cushman & Wakefield (NYSE:CWK – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 EPS. On average, research analysts anticipate that Cushman & Wakefield will post 1.44 EPS for the current year.
Cushman & Wakefield Company Profile
Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.
The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.
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