Cushman & Wakefield plc (CWK): Here Are Some Research Recommendations

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Cushman & Wakefield plc (NYSE:CWK) finished Wednesday with a subtraction of -$0.18 to close at $11.93, a downside of -1.49 percent. An average of 1,562,060 shares of common stock have been traded in the last five days. There was a gain of $0.47 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 4,461,185 shares traded, while the 50-day average volume stands at 2,648,396.

CWK stock has increased by 8.65% in the last month. The company shares reached their 1-month lowest point of $10.72 on 11/30/22. With the stock rallying to its 52-week high on 02/25/22, shares of the company touched a low of $10.04 and a high of $23.54 in 52 weeks. It has reached a new high 4 times so far this year and lost -46.36% or -$10.31 in price. In spite of this, the price is down -49.32% from the 52-week high.


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Insider Transactions

CWK stock investors should be aware that Cushman & Wakefield plc (CWK) stock had its last reported insider trading activity 209 days ago on Jun 13. In this transaction, the insider spent $267,761. 10% Owner, PAGAC Drone Holding GP I Ltd, disposed of 2,156,391 shares at a price of $18.39 on May 31. The insider now owns more than $39,656,030 worth of shares. Prior to that, 10% Owner TPG GP A, LLC went on to Sale 2,920,717 shares at $18.39 each on May 31. An amount of $53,697,382 was transacted.

Valuation Metrics

Cushman & Wakefield plc (CWK) has a trailing price-to-earnings (P/E) ratio of 8.72. The stock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.25, the price-to-book (PB) ratio at 1.71, and the price-to-cash flow ratio at 68.05.

Financial Health

The quick ratio of Cushman & Wakefield plc for the three months ended September 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.04 and a total debt to equity ratio of 2.07 for the quarter ending September 29. Its gross profit as reported stood at $1.94 billion compared to revenue of $9.39 billion.

Earnings Surprise

For the three-month period that ended September 29, Cushman & Wakefield plc had $3.21 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $23.9 million in the quarter, while revenues of $97.2 million were shrunk -187.45%. The analyst consensus anticipated Cushman & Wakefield plc’s latest quarter earnings to come in at $0.54 per share, but it turned out to be $0.43, a -20.40% surprise. For the quarter, EBITDA amounted to $170.9 million. Shareholders own equity worth $225.76 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Cushman & Wakefield plc (CWK) price momentum. RSI 9-day as of the close on 28 December was 54.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 47.17%.

As of today, CWK’s price is $11.90 +4.10% or $0.47 from its 5-day moving average. CWK is currently trading +7.38% higher than its 20-day SMA and -24.87% lower than its 100-day SMA. However, the stock’s current price level is +0.76% above the SMA50 and -39.26% below the SMA200.

The stochastic %K and %D were 58.76% and 57.13%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 52.54% and the average true range at 0.47, the RSI (14) stands at 53.18%. The stock has reached 0.36 on the 9-day MACD Oscillator while the 14-day reading was at 0.21.

Analyst Ratings

Goldman launched coverage on Cushman & Wakefield plc (NYSE: CWK) in its analyst report released on April 05, 2022. The firm assigned the stock a Buy rating. The consensus rating for Cushman & Wakefield plc (CWK) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CWK, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

What is CWK’s price target for the next 12 months?

Analysts predict a range of price targets between $12.00 and $28.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for Cushman & Wakefield plc (CWK) stock is $18.29.

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