Cushman & Wakefield plc (NYSE:CWK) Receives $11.50 Consensus Price Target from Brokerages

Cushman & Wakefield plc (NYSE:CWK) has received an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $11.58.

A number of research firms recently weighed in on CWK. Jefferies Financial Group began coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday. Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Finally, Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective on the stock. in a research note on Wednesday, April 3rd.

Cushman & Wakefield Stock Performance

CWK opened at $10.87 on Friday. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 271.75 and a beta of 1.34. Cushman & Wakefield has a fifty-two week low of $6.24 and a fifty-two week high of $11.83. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13 and a current ratio of 1.13. The company has a fifty day moving average of $10.35 and a 200 day moving average of $10.24.

Insider Buying and Selling at Cushman & Wakefield

In other news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of Cushman & Wakefield stock in a transaction that occurred 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 filing with the SEC, which is accessible through this hyperlink. 1.01% of the stock is owned by insiders.

Hedge Funds Weigh In On Cushman & Wakefield

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new stake in Cushman & Wakefield during the 4th quarter worth about $50,000. AXQ Capital LP acquired a new position in Cushman & Wakefield in the 3rd quarter worth approximately $79,000. Tower Research Capital LLC TRC raised its position in Cushman & Wakefield by 352.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock worth $79,000 after buying an additional 5,694 shares during the last quarter. Pale Fire Capital SE acquired a new stake in Cushman & Wakefield during the 4th quarter valued at approximately $108,000. Finally, KG&L Capital Management LLC purchased a new stake in shares of Cushman & Wakefield in the 4th quarter valued at $109,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

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.