Brokerages Set Cushman & Wakefield plc (NYSE:CWK) Price Target at $12.42

Shares of Cushman & Wakefield plc (NYSE:CWK) have received a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $12.42.

A number of brokerages recently issued reports on CWK. Raymond James boosted their target price on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th.

Cushman & Wakefield Trading Up 0.8 %

Shares of NYSE:CWK opened at $12.80 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 1.21. The stock’s 50-day moving average is $11.58 and its 200-day moving average is $10.71. The company has a market cap of $2.93 billion, a P/E ratio of 320.50 and a beta of 1.33. Cushman & Wakefield has a 52-week low of $6.24 and a 52-week high of $13.78.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the firm posted $0.22 EPS. The company’s revenue was down 4.9% on a year-over-year basis. Equities research analysts predict that Cushman & Wakefield will post 0.91 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $11.00, for a total value of $188,078,011.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Cushman & Wakefield by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock worth $301,126,000 after buying an additional 1,110,076 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Cushman & Wakefield by 31.2% during the second quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock valued at $108,108,000 after acquiring an additional 2,469,831 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Cushman & Wakefield by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after purchasing an additional 1,910,212 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Cushman & Wakefield by 12.7% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,208,780 shares of the company’s stock worth $64,571,000 after purchasing an additional 697,890 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Cushman & Wakefield by 18.8% in the 1st quarter. Janus Henderson Group PLC now owns 4,400,751 shares of the company’s stock worth $46,032,000 after purchasing an additional 695,005 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.