Analysts Set Cushman & Wakefield PLC (NYSE:CWK) Target Price at $18.00

Shares of Cushman & Wakefield PLC (NYSE:CWK) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $18.00.

Several equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, June 26th. Barclays decreased their target price on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the stock a “buy” rating in a research note on Friday, May 22nd.

Cushman & Wakefield Price Performance

Shares of NYSE:CWK opened at $13.52 on Friday. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 42.24 and a beta of 1.44. The firm has a fifty day moving average price of $13.29 and a 200 day moving average price of $14.02. Cushman & Wakefield has a fifty-two week low of $10.94 and a fifty-two week high of $17.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. Cushman & Wakefield’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. As a group, sell-side analysts expect that Cushman & Wakefield will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 24,828 shares of Cushman & Wakefield stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the sale, the insider directly owned 70,876 shares in the company, valued at approximately $939,107. This trade represents a 25.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.74% of the company’s stock.

Institutional Investors Weigh In On Cushman & Wakefield

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Cushman & Wakefield by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock valued at $162,424,000 after acquiring an additional 397,892 shares in the last quarter. State Street Corp boosted its position in Cushman & Wakefield by 2.2% during the fourth quarter. State Street Corp now owns 9,138,118 shares of the company’s stock valued at $147,946,000 after purchasing an additional 197,430 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Cushman & Wakefield by 23.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock valued at $105,549,000 after buying an additional 1,233,055 shares in the last quarter. Geode Capital Management LLC boosted its stake in Cushman & Wakefield by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock valued at $96,918,000 after acquiring an additional 29,832 shares in the last quarter. Finally, Channing Capital Management LLC boosted its position in shares of Cushman & Wakefield by 46.0% in the 4th quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock worth $82,662,000 after purchasing an additional 1,609,190 shares in the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

About Cushman & Wakefield

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.