Cushman & Wakefield plc (NYSE: CWK): To Buy Or Not To Buy, That Is The Question

Cushman & Wakefield plc (CWK) concluded trading on 01/11/24 at a closing price of $9.99, with 3.15 million shares of worth about $31.46 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.06% during that period and on Thursday the price saw a loss of about -0.79%. Currently the company’s common shares owned by public are about 225.78M shares, out of which, 199.95M shares are available for trading.

Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $11.00 and could fall to a lowest price of $9.00. The stock’s current price level is 2.06% above of average price target set by the analysts, while a rise to estimated low would result in loss of -11.0% for the stock. However, touching the estimated high of $11.00 would mean a gain of 9.18% for the stock.

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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 60 times over the past 12 months. They bought 642,503 shares in 33 of the transactions. In 27 selling transactions, insiders dumped 16,307,771 shares.

Cushman & Wakefield plc (NYSE: CWK) started trading at $9.98, below -$0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 10.13, or with a loss of -0.79%. Stock saw a price change of -0.99% in past 5 days and over the past one month there was a price change of 12.25%. Year-to-date (YTD), CWK shares are showing a performance of -7.50% which decreased to -23.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.24 but also hit the highest price of $15.63 during that period. The average intraday trading volume for Cushman & Wakefield plc shares is 2.60 million. The stock is currently trading -3.57% below its 20-day simple moving average (SMA20), while that difference is up 10.05% for SMA50 and it goes to 13.77% higher than SMA200.

Cushman & Wakefield plc (NYSE: CWK) currently have 225.78M outstanding shares and institutions hold larger chunk of about 87.67% of that.

The stock has a current market capitalization of $2.27B and its 3Y-monthly beta is at 1.38. It has posted earnings per share of -$0.33 in the same period. It has a debt-to-equity ratio of 2.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CWK, volatility over the week remained 3.15% while standing at 3.65% over the month.

Analysts are in expectations that Cushman & Wakefield plc (CWK) stock would likely to be making an EPS of $0.4 in the current quarter, while forecast for next quarter EPS is $0.08 and it is $1.08 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.32 which is $0.46 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -60.12% while it is estimated to increase by 34.58% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on December 08, 2023 offering an Outperform rating for the stock and assigned a target price of $12 to it.

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