Cushman & Wakefield plc (NYSE: CWK) is 30.93% higher on its value in year-to-date trading and has touched a low of $8.09 and a high of $16.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CWK stock was last observed hovering at around $13.82 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $14.14, the stock is 0.55% and 4.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 2.32% at the moment leaves the stock 21.61% off its SMA200. CWK registered 68.33% gain for a year compared to 6-month gain of 35.96%. The firm has a 50-day simple moving average (SMA 50) of $13.4916 and a 200-day simple moving average (SMA200) of $11.6057.
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The stock witnessed a 11.08% loss in the last 1 month and extending the period to 3 months gives it a 5.68%, and is 0.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.33% over the week and 4.08% over the month.
Cushman & Wakefield plc (CWK) has around 52000 employees, a market worth around $3.24B and $9.37B in sales. Current P/E ratio is 37.08 and Fwd P/E is 12.11. Profit margin for the company is 0.94%. Distance from 52-week low is 74.78% and -12.23% from its 52-week high. The company has generated returns on investments over the last 12 months (1.77%).
Cushman & Wakefield plc quarterly earnings per share for the current quarter are estimated at 0.48 with sales reaching $2.66B over the same period.The EPS is expected to grow by 5.87% this year, but quarterly earnings will post 0.98% year-over-year. Quarterly sales are estimated to grow 4.31% in year-over-year returns.
345.0 institutions hold shares in Cushman & Wakefield plc (CWK), with institutional investors hold 98.72% of the company’s shares. The shares outstanding are 227.28M, and float is at 227.10M with Short Float at 6.32%. Institutions hold 97.46% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 35.55 million shares valued at $369.74 million. The investor’s holdings represent 15.5999 of the CWK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 22.38 million shares valued at $232.76 million to account for 9.8206 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 16.08 million shares representing 7.0558 and valued at over $167.23 million, while VICTORY CAPITAL MANAGEMENT INC holds 4.5612 of the shares totaling 10.4 million with a market value of $108.11 million.
Cushman & Wakefield plc (CWK) Insider Activity
The most recent transaction is an insider sale by TPG GP A, LLC, the company’s Former 10% Owner. SEC filings show that TPG GP A, LLC sold 17,098,001 shares of the company’s common stock on May 22 ’24 at a price of $11.00 per share for a total of $188.08 million. Following the sale, the insider now owns 0.0 shares.
Cushman & Wakefield plc disclosed in a document filed with the SEC on Feb 29 ’24 that Robinson Nathaniel (See Remarks) sold a total of 40,000 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $9.99 per share for $0.4 million. Following the transaction, the insider now directly holds 40427.0 shares of the CWK stock.
Still, SEC filings show that on Feb 29 ’24, TPG GP A, LLC (10% Owner) disposed off 7,734,954 shares at an average price of $9.74 for $75.34 million. The insider now directly holds 17,098,001 shares of Cushman & Wakefield plc (CWK).
