Brokerages Set Cushman & Wakefield plc (NYSE:CWK) PT at $11.58

Shares of Cushman & Wakefield plc (NYSE:CWK) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $11.58.

CWK has been the topic of several analyst reports. Jefferies Financial Group started coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They set a “buy” rating and a $13.00 target price on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Raymond James cut shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price for the company. in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Cushman & Wakefield from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, June 21st.

Cushman & Wakefield Price Performance

Shares of CWK opened at $12.79 on Tuesday. The company has a market capitalization of $2.93 billion, a P/E ratio of 313.75 and a beta of 1.33. The business’s 50-day moving average is $10.89 and its two-hundred day moving average is $10.36. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13 and a current ratio of 1.13. Cushman & Wakefield has a fifty-two week low of $6.24 and a fifty-two week high of $12.99.

Insider Activity

In other news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $11.00, for a total transaction of $188,078,011.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

A number of large investors have recently added to or reduced their stakes in CWK. GAMMA Investing LLC purchased a new stake in shares of Cushman & Wakefield during the fourth quarter worth about $50,000. CWM LLC increased its stake in Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after buying an additional 2,080 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Cushman & Wakefield by 352.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock valued at $79,000 after acquiring an additional 5,694 shares during the last quarter. Pale Fire Capital SE acquired a new position in shares of Cushman & Wakefield during the fourth quarter valued at approximately $108,000. Finally, KG&L Capital Management LLC purchased a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $109,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

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.