Could Cushman & Wakefield plc (CWK) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, Cushman & Wakefield plc (NYSE:CWK) shares traded at $7.64, up 1.87% from the previous session.

As of this writing, 8 analysts cover Cushman & Wakefield plc (NYSE:CWK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $10.00, we find $10.50. Given the previous closing price of $7.50, this indicates a potential upside of 40.0 percent. CWK stock price is now -2.43% away from the 50-day moving average and -21.13% away from the 200-day moving average. The market capitalization of the company currently stands at $1.74B.

There are 4 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $10.60 as their price target over the next twelve months.

With the price target reduced from $19 to $10, UBS Downgraded its rating from Buy to Neutral for Cushman & Wakefield plc (NYSE: CWK).

In other news, PAGAC Drone Holding GP I Ltd, 10% Owner sold 3,000,000 shares of the company’s stock on Jun 08. The stock was sold for $25,875,000 at an average price of $8.62. Upon completion of the transaction, the 10% Owner now directly owns 22,717,475 shares in the company, valued at $173.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Director McLean Jodie W. sold 15,000 shares of the business’s stock. A total of $117,600 was realized by selling the stock at an average price of $7.84. This leaves the insider owning 33,176 shares of the company worth $0.25 million. Insiders disposed of 6,307,771 shares of company stock worth roughly $48.19 million over the past 1 year. A total of 16.43% of the company’s stock is owned by insiders.

Thursday morning saw Cushman & Wakefield plc (NYSE: CWK) opened at $7.77. During the past 12 months, Cushman & Wakefield plc has had a low of $6.24 and a high of $15.63. The fifty day moving average price for CWK is $7.80 and a two-hundred day moving average price translates $9.66 for the stock.

The latest earnings results from Cushman & Wakefield plc (NYSE: CWK) was released for Sep, 2023. According to the Real Estate Services Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.17 by 0.05. This compares to $0.11 EPS in the same period last year. The net profit margin was -0.18% and return on equity was -1.10% for CWK. The company reported revenue of $2.29 billion for the quarter, compared to $2.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.11 percent. For the current quarter, analysts expect CWK to generate $1.65B 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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