Shares of Cushman & Wakefield PLC (NYSE:CWK – Get Free Report) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $17.57.
CWK has been the subject of a number of research analyst reports. UBS Group dropped their price target on Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Barclays upped their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Finally, Weiss Ratings upgraded shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th.
Get Our Latest Research Report on Cushman & Wakefield
Cushman & Wakefield Stock Performance
Cushman & Wakefield (NYSE:CWK – Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.35 earnings per share for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. The firm had revenue of $2.76 billion during the quarter. On average, analysts expect that Cushman & Wakefield will post 1.46 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Laurida Sayed sold 16,000 shares of Cushman & Wakefield stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $13.88, for a total value of $222,080.00. Following the transaction, the insider directly owned 5,461 shares of the company’s stock, valued at $75,798.68. The trade was a 74.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nathaniel Robinson sold 12,500 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total transaction of $167,375.00. Following the transaction, the insider directly owned 58,376 shares of the company’s stock, valued at approximately $781,654.64. This trade represents a 17.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is currently owned by corporate insiders.
Institutional Trading of Cushman & Wakefield
Large investors have recently bought and sold shares of the company. Jennison Associates LLC acquired a new stake in shares of Cushman & Wakefield in the 1st quarter valued at approximately $6,672,000. Renaissance Technologies LLC purchased a new stake in shares of Cushman & Wakefield during the 1st quarter worth approximately $6,101,000. Kennedy Capital Management LLC grew its holdings in shares of Cushman & Wakefield by 83.0% in the 4th quarter. Kennedy Capital Management LLC now owns 877,200 shares of the company’s stock worth $14,202,000 after acquiring an additional 397,943 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Cushman & Wakefield by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock worth $162,424,000 after acquiring an additional 397,892 shares during the period. Finally, Nicholas Investment Partners LP purchased a new position in Cushman & Wakefield in the 4th quarter valued at approximately $4,634,000. 95.56% of the stock is owned by institutional investors.
Cushman & Wakefield Company Profile
Cushman & Wakefield plc is a global commercial real estate services company that helps property owners, occupiers, investors and developers manage and transact real estate. Its services include leasing, capital markets advisory, valuation and appraisal, investment and asset management, research, consulting, and tenant representation.
The company also provides property, facilities and project management services, supporting clients with day-to-day operations, workplace strategy, construction and development projects, and real estate portfolio planning.
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