Now Is A Suitable Moment For A Long-Term Purchase Of Cushman & Wakefield plc (NYSE: CWK)


Fidelity Management & Research Co. recently announced the acquisition of new stake in Cushman & Wakefield plc (NYSE:CWK). The institutional investor has increased its shareholding in the Real Estate company by 6.99% to 18.37 million shares with purchase of 1.2 million shares. This fresh investment now brings its stake to 8.34% valued currently at $228.93 million. In addition, The Vanguard Group, Inc. raised its holdings by 23634.0 to 13.62 million shares. And JPMorgan Investment Management, I. has lifted its position by 0.10% or 11864.0 shares – to 12.1 million shares.

With over 0.39 million Cushman & Wakefield plc (CWK) shares trading Monday and a closing price of $11.20 on the day, the dollar volume was approximately $4.41 million. The shares have shown a positive weekly performance of 1.82% and its price on 07/20/20 lost nearly -3.36%. Currently, there are 219.90M common shares owned by the public and among those 124.13M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for CWK have a consensus price objective of $13.00. The analysts have set the share’s price value over the next 12 months at a high of $14.00 and a low of $12.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Cushman & Wakefield plc stock is 2.30 for the next 12 months. The average price target is 13.85% above its last price level and an upside to the estimated low will see the stock gain 6.67% over that period. But an upside of 20.0% will see the stock hit the forecast high price target while mean target price for the stock is $13.00.

Insiders at the company have transacted a total of 68 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 35 of these insider trades were purchases, accounting for 1,280,566 shares. Insider sales of the common stock occurred on 33 occasions, with total insider shares sold totaling 10,735,312 shares.

The top 3 mutual fund holders in Cushman & Wakefield plc are Vanguard Real Estate Index Fund, JPMorgan Small Cap Equity Fund, and Fidelity Comwlth. Tr. – Small Cap. Vanguard Real Estate Index Fund owns 4.89 million shares of the company’s stock, all valued at over $60.95 million. The company bought an additional 47522.0 shares recently to bring their total holdings to about 2.22% of the shares outstanding. JPMorgan Small Cap Equity Fund bought 0.44 million shares to see its total holdings expand to 4.58 million shares valued at over $57.05 million and representing 2.08% of the shares outstanding. Fidelity Comwlth. Tr. – Small Cap now owns shares totaling to 1.47% of the shares outstanding.

Shares of Cushman & Wakefield plc (NYSE: CWK) opened at $11.48, down -$0.11 from a prior closing price of $11.59. However, the script later closed the day at $11.20, down -3.36%. The company’s stock has a 5-day price change of 1.82% and 4.09% over the past three months. CWK shares are trading -45.21% year to date (YTD), with the 12-month market performance down to -40.68% lower. It has a 12-month low price of $6.84 and touched a high of $20.80 over the same period. Currently, 0.39 million shares have been traded, compared to an average intraday trading volume of 973.05K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.71%, -2.42%, and -27.89% respectively.

Institutional ownership of Cushman & Wakefield plc (NYSE: CWK) shares accounts for 70.10% of the company’s 219.90M shares outstanding. Mutual fund holders own 41.41%, while other institutional holders and individual stakeholders account for 51.48% and 27.86% respectively.

It has a market capitalization of $2.45B. The earnings-per-share (ttm) stands at -$0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.36% over the week and 4.94% over the month.

Analysts forecast that Cushman & Wakefield plc (CWK) will achieve an EPS of $0.08 for the current quarter, $0.2 for the next quarter and $1.42 for 2021. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.14. Comparatively, EPS for the current quarter was $0.39 a year ago. Earnings per share for the fiscal year are expected to increase by 100.10%, and 54.61% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Cushman & Wakefield plc (CWK) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 3 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the CWK, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on April 09, 2020, with the firm’s price target at $13. BofA/Merrill coverage for the Cushman & Wakefield plc (CWK) stock in a research note released on October 18, 2019 offered a Neutral rating with a price target of $21. William Blair was of a view on August 27, 2018 that the stock is Outperform, while Morgan Stanley gave the stock Overweight rating on August 27, 2018, issuing a price target of $21. JP Morgan on their part issued Overweight rating on August 27, 2018.


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