The price of Cushman & Wakefield plc (NYSE:CWK) shares last traded on Wall Street fell -0.08% to $11.79.
Based on available information, 10 analysts follow Cushman & Wakefield plc (NYSE:CWK). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $12.00, we find $17.00. Given the previous closing price of $11.80, this indicates a potential upside of 44.07 percent. CWK stock price is now 3.06% away from the 50-day moving average and -25.36% away from the 200-day moving average. The market capitalization of the company currently stands at $2.63B.
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Among analysts, 2 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $18.25 as their price target over the next twelve months.
With the price target of $25, Goldman recently initiated with Buy rating for Cushman & Wakefield plc (NYSE: CWK). On November 22, 2021, Raymond James Upgraded its previous ‘Outperform’ rating to ‘Strong Buy’ on the stock keeping its target price maintained at $31, while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, MACKAY MICHELLE, insider bought 3,500 shares of the company’s stock on Jun 13. The stock was bought for $51,240 at an average price of $14.64. Upon completion of the transaction, the insider now directly owns 50,760 shares in the company, valued at $0.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03, Robinson Nathaniel sold 15,231 shares of the business’s stock. A total of $267,761 was realized by selling the stock at an average price of $17.58. This leaves the insider owning 22,580 shares of the company worth $0.27 million. Insiders disposed of 12,244,957 shares of company stock worth roughly $144.37 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CWK stock. A new stake in Cushman & Wakefield plc shares was purchased by MASSACHUSETTS FINANCIAL SERVICES CO /MA/ during the first quarter worth $15,264,000. KNIGHTSBRIDGE ASSET MANAGEMENT, LLC invested $8,631,000 in shares of CWK during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT LLC acquired a new stake in Cushman & Wakefield plc valued at approximately $4,366,000. TWINBEECH CAPITAL LP acquired a new stake in CWK for approximately $1,794,000. JENNISON ASSOCIATES LLC purchased a new stake in CWK valued at around $1,008,000 in the second quarter. In total, there are 281 active investors with 85.50% ownership of the company’s stock.
A candlestick chart of Cushman & Wakefield plc (NYSE: CWK) showed a price of $11.69 on Wednesday morning. During the past 12 months, Cushman & Wakefield plc has had a low of $10.04 and a high of $23.54. As of last week, the company has a debt-to-equity ratio of 2.07, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for CWK is $11.44 and a two-hundred day moving average price translates $15.79 for the stock.
The latest earnings results from Cushman & Wakefield plc (NYSE: CWK) was released for Jun, 2022. According to the Real Estate Services Company, earnings per share came in at $0.63, beating analysts’ expectations of $0.54 by 0.09. This compares to $0.30 EPS in the same period last year. The net profit margin was 3.00% and return on equity was 20.30% for CWK. The company reported revenue of $2.52 billion for the quarter, compared to $2.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.81 percent. For the current quarter, analysts expect CWK to generate $1.77B in revenue.
Cushman & Wakefield plc(CWK) Company Profile
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. 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 self-performed facilities services, which include janitorial, maintenance, critical environment management, landscaping, and office services. The company also provides owner representation and tenant representation leasing services; capital market services, including investment sales and equity, and debt and structured financing for real estate purchase and sales transactions; and appraisal management, investment management, valuation advisory, portfolio advisory, diligence advisory, dispute analysis and litigation support, financial reporting, and property and/or portfolio valuation services on real estate debt and equity decisions. Cushman & Wakefield has strategic partnerships with Vanke Service (Hong Kong) Co., Limited. It serves real estate owners and occupiers, such as tenants, investors, and multi-national corporations. Cushman & Wakefield plc was founded in 1784 and is based in London, the United Kingdom.
