The stock of Cushman & Wakefield plc (NYSE:CWK) last traded at $7.74, down -1.02% from the previous session.
Data from the available sources indicates that Cushman & Wakefield plc (NYSE:CWK) is covered by 9 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $8.50, we find $10.50. Given the previous closing price of $7.82, this indicates a potential upside of 34.27 percent. CWK stock price is now -16.41% away from the 50-day moving average and -35.79% away from the 200-day moving average. The market capitalization of the company currently stands at $1.81B.
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In total, 6 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $12.42 as their price target over the next twelve months.
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 $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03, See Remarks 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 $0.17 million. Insiders disposed of 5,341,938 shares of company stock worth roughly $41.35 million over the past 1 year. A total of 0.10% 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 BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $16,577,000. CITADEL ADVISORS LLC invested $2,151,000 in shares of CWK during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Cushman & Wakefield plc valued at approximately $1,446,000. STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in CWK for approximately $1,351,000. DUALITY ADVISERS, LP purchased a new stake in CWK valued at around $1,014,000 in the second quarter. In total, there are 291 active investors with 85.50% ownership of the company’s stock.
With an opening price of $7.77 on Thursday morning, Cushman & Wakefield plc (NYSE: CWK) set off the trading day. During the past 12 months, Cushman & Wakefield plc has had a low of $7.16 and a high of $19.15. As of last week, the company has a debt-to-equity ratio of 1.96, a current ratio of 1.20, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $4.95B, which is based on a 8.99 price-to-earnings ratio, a 0.90 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for CWK is $9.20 and a two-hundred day moving average price translates $12.01 for the stock.
The latest earnings results from Cushman & Wakefield plc (NYSE: CWK) was released for Mar, 2023. According to the Real Estate Services Company, earnings per share came in at -$0.04, missing analysts’ expectations of $0.2 by -0.24. This compares to $0.20 EPS in the same period last year. The net profit margin was 1.90% and return on equity was 12.30% for CWK. The company reported revenue of $2.25 billion for the quarter, compared to $2.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.5 percent. For the current quarter, analysts expect CWK to generate $1.9B 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. The company was founded in 1784 and is based in London, the United Kingdom.
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