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Cushman & Wakefield PLC (NYSE:CWK) – William Blair decreased their FY2020 earnings per share estimates for shares of Cushman & Wakefield in a report released on Tuesday, November 5th. William Blair analyst S. Sheldon now expects that the company will post earnings per share of $0.83 for the year, down from their previous estimate of $0.86.
A number of other equities research analysts have also recently commented on CWK. Barclays set a $23.00 price target on Cushman & Wakefield and gave the company a “buy” rating in a research note on Tuesday, October 8th. Zacks Investment Research raised Cushman & Wakefield from a “sell” rating to a “hold” rating in a report on Monday, September 16th. Bank of America began coverage on Cushman & Wakefield in a report on Friday, October 18th. They issued a “neutral” rating and a $21.00 price objective on the stock. ValuEngine lowered Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. Finally, JPMorgan Chase & Co. increased their price objective on Cushman & Wakefield from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.50.
Cushman & Wakefield stock opened at $18.67 on Friday. The stock has a 50-day moving average of $18.32 and a two-hundred day moving average of $18.16. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.16 and a current ratio of 1.16. Cushman & Wakefield has a one year low of $13.25 and a one year high of $20.62. The stock has a market cap of $3.97 billion, a PE ratio of -17.13, a price-to-earnings-growth ratio of 3.48 and a beta of 2.00.
Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Cushman & Wakefield had a negative net margin of 0.24% and a negative return on equity of 1.58%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of Cushman & Wakefield by 3,279.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,994 shares of the company’s stock valued at $37,000 after purchasing an additional 1,935 shares during the period. Royal Bank of Canada grew its holdings in Cushman & Wakefield by 27.6% during the second quarter. Royal Bank of Canada now owns 2,900 shares of the company’s stock worth $52,000 after acquiring an additional 627 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Cushman & Wakefield by 39.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,449 shares of the company’s stock worth $80,000 after acquiring an additional 1,264 shares during the period. Point72 Hong Kong Ltd grew its holdings in Cushman & Wakefield by 398.7% during the second quarter. Point72 Hong Kong Ltd now owns 10,837 shares of the company’s stock worth $194,000 after acquiring an additional 8,664 shares during the period. Finally, Public Employees Retirement Association of Colorado acquired a new stake in Cushman & Wakefield during the second quarter worth about $256,000. 44.62% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Duncan Palmer sold 3,599 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $18.82, for a total value of $67,733.18. Also, CEO W Brett White sold 41,770 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $17.92, for a total value of $748,518.40. 0.85% of the stock is currently owned by corporate insiders.
About Cushman & Wakefield
Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. 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 janitorial, maintenance, critical environment management, landscaping, and office services.
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