Cushman & Wakefield plc (NYSE: CWK) is -6.80% lower on its value in year-to-date trading and has touched a low of $9.24 and a high of $16.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CWK stock was last observed hovering at around $12.29 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $12.19, the stock is -10.23% and -13.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing -0.81% at the moment leaves the stock -0.52% off its SMA200. CWK registered 20.22% gain for a year compared to 6-month gain of 9.82%. The firm has a 50-day simple moving average (SMA 50) of $14.1442 and a 200-day simple moving average (SMA200) of $12.24315.
The stock witnessed a -19.22% loss in the last 1 month and extending the period to 3 months gives it a -2.56%, and is -6.80% down 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 3.85% over the week and 3.66% over the month.
Cushman & Wakefield plc (CWK) has around 52000 employees, a market worth around $2.80B and $9.37B in sales. Current P/E ratio is 31.97 and Fwd P/E is 10.30. Profit margin for the company is 0.94%. Distance from 52-week low is 31.93% and -24.33% from its 52-week high. The company has generated returns on investments over the last 12 months (1.77%).
The EPS is expected to grow by 7.84% this year
351.0 institutions hold shares in Cushman & Wakefield plc (CWK), with institutional investors hold 99.12% of the company’s shares. The shares outstanding are 229.42M, and float is at 226.82M with Short Float at 6.59%. Institutions hold 97.85% 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 7.0219 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 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).
