Cushman & Wakefield plc (NYSE: CWK) is -2.52% 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 $13.09 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $12.75, the stock is -4.76% and -6.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing -2.60% at the moment leaves the stock 0.97% off its SMA200. CWK registered 23.55% gain for a year compared to 6-month loss of 4.94%. The firm has a 50-day simple moving average (SMA 50) of $13.683 and a 200-day simple moving average (SMA200) of $12.61115.
The stock witnessed a 6.69% gain in the last 1 month and extending the period to 3 months gives it a -14.54%, and is -5.97% 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 2.61% over the week and 2.78% over the month.
Cushman & Wakefield plc (CWK) has around 52000 employees, a market worth around $2.93B and $9.37B in sales. Current P/E ratio is 33.44 and Fwd P/E is 10.87. Profit margin for the company is 0.94%. Distance from 52-week low is 37.99% and -20.86% from its 52-week high. The company has generated returns on investments over the last 12 months (1.77%).
with sales reaching $2.67B over the same period.The EPS is expected to grow by 7.88% this year, but quarterly earnings will post 0.06% year-over-year. Quarterly sales are estimated to grow 4.60% in year-over-year returns.
The shares outstanding are 229.42M, and float is at 225.12M with Short Float at 6.58%.
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).
