In yesterday’s Wall Street session, Cushman & Wakefield plc (NYSE:CWK) shares traded at $10.61, up 9.61% from the previous session.
CWK stock price is now 34.94% away from the 50-day moving average and 19.74% away from the 200-day moving average. The market capitalization of the company currently stands at $2.41B.
With the price target maintained at $12, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Cushman & Wakefield plc (NYSE: CWK).
In other news, Robinson Nathaniel, insider sold 20,000 shares of the company’s stock on Dec 08. The stock was sold for $176,400 at an average price of $8.82. Upon completion of the transaction, the insider now directly owns 29,459 shares in the company, valued at $0.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07, 10% Owner TPG GP A, LLC sold 10,000,000 shares of the business’s stock. A total of $76,300,000 was realized by selling the stock at an average price of $7.63. This leaves the insider owning 24,832,955 shares of the company worth $263.48 million. Insiders disposed of 16,307,771 shares of company stock worth roughly $173.03 million over the past 1 year. A total of 12.03% of the company’s stock is owned by insiders.
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 $7.86 and a two-hundred day moving average price translates $8.86 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 $0.21, inline with analysts’ expectations of $0.21. This compares to $0.11 EPS in the same period last year. The net profit margin was -0.79% and return on equity was -4.79% 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 $2.54B 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.
