FY2024 EPS Estimate for Cushman & Wakefield Cut by Analyst

Cushman & Wakefield plc (NYSE:CWK) – Equities research analysts at William Blair cut their FY2024 earnings per share (EPS) estimates for Cushman & Wakefield in a report released on Friday, February 7th. William Blair analyst S. Sheldon now forecasts that the company will earn $0.92 per share for the year, down from their prior forecast of $0.94. The consensus estimate for Cushman & Wakefield’s current full-year earnings is $0.91 per share. William Blair also issued estimates for Cushman & Wakefield’s Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.06 EPS and FY2025 earnings at $1.21 EPS.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group assumed coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They issued a “sell” rating and a $15.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.50.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK opened at $13.26 on Monday. The stock’s 50-day moving average is $13.58 and its 200 day moving average is $13.42. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 35.84 and a beta of 1.34. Cushman & Wakefield has a 1-year low of $9.24 and a 1-year high of $16.11. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76.

Institutional Investors Weigh In On Cushman & Wakefield

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Cushman & Wakefield by 137.5% during the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after acquiring an additional 2,027 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after purchasing an additional 2,691 shares during the period. GAMMA Investing LLC raised its holdings in Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after purchasing an additional 1,629 shares in the last quarter. KBC Group NV lifted its position in shares of Cushman & Wakefield by 31.7% in the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock worth $109,000 after purchasing an additional 1,915 shares during the period. Finally, CWM LLC lifted its position in shares of Cushman & Wakefield by 67.6% in the 3rd quarter. CWM LLC now owns 9,167 shares of the company’s stock worth $125,000 after purchasing an additional 3,699 shares during the period. Institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.