Cushman & Wakefield PLC (NYSE:CWK) has earned an average rating of “Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.38.
A number of brokerages have weighed in on CWK. Compass Point began coverage on Jones Lang LaSalle in a research report on Wednesday. They issued a “buy” rating and a $180.00 price target for the company. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.
In related news, insider W Brett White sold 44,675 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $18.00, for a total transaction of $804,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.85% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CWK. SG Americas Securities LLC acquired a new position in shares of Cushman & Wakefield during the 1st quarter worth about $132,000. BNP Paribas Arbitrage SA lifted its position in shares of Cushman & Wakefield by 1,139.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 15,629 shares of the company’s stock worth $278,000 after purchasing an additional 14,368 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of Cushman & Wakefield by 22.0% during the 2nd quarter. WINTON GROUP Ltd now owns 16,117 shares of the company’s stock worth $288,000 after purchasing an additional 2,906 shares during the last quarter. Jane Street Group LLC bought a new position in Cushman & Wakefield during the fourth quarter valued at about $372,000. Finally, American International Group Inc. increased its stake in Cushman & Wakefield by 2.7% during the fourth quarter. American International Group Inc. now owns 30,955 shares of the company’s stock valued at $448,000 after acquiring an additional 821 shares during the period. 41.50% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:CWK opened at $18.36 on Tuesday. Cushman & Wakefield has a fifty-two week low of $13.25 and a fifty-two week high of $19.79. The business has a 50-day moving average of $17.79. The firm has a market capitalization of $3.98 billion and a PE ratio of 27.40. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.35.
Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Cushman & Wakefield had a positive return on equity of 10.36% and a negative net margin of 1.43%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.93 billion. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts forecast that Cushman & Wakefield will post 0.71 earnings per share for the current fiscal year.
Cushman & Wakefield Company Profile
Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. 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 janitorial, maintenance, critical environment management, landscaping, and office services.
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