William Blair Issues Pessimistic Forecast for CWK Earnings

Cushman & Wakefield plc (NYSE:CWK - Free Report) - William Blair reduced their FY2024 earnings per share estimates for shares of Cushman & Wakefield in a note issued to investors on Friday, February 7th. William Blair analyst S. Sheldon now anticipates that the company will earn $0.92 per share for the year, down from their prior estimate of $0.94. The consensus estimate for Cushman & Wakefield's current full-year earnings is $0.91 per share. William Blair also issued estimates for Cushman & Wakefield's Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.06 EPS and FY2025 earnings at $1.21 EPS.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. upped their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. The Goldman Sachs Group began coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They set a "sell" rating and a $15.00 price target for the company. Finally, Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and decreased their price target for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Cushman & Wakefield currently has an average rating of "Hold" and a consensus price target of $15.50.

Cushman & Wakefield Trading Up 1.3 %

CWK traded up $0.17 during trading on Monday, hitting $12.92. The company's stock had a trading volume of 1,211,399 shares, compared to its average volume of 1,469,386. The firm's 50 day moving average price is $13.45 and its 200-day moving average price is $13.41. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $2.96 billion, a PE ratio of 34.91 and a beta of 1.34. Cushman & Wakefield has a twelve month low of $9.24 and a twelve month high of $16.11.

Hedge Funds Weigh In On Cushman & Wakefield

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. lifted its position in shares of Cushman & Wakefield by 83.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company's stock worth $155,110,000 after purchasing an additional 5,171,340 shares during the last quarter. Channing Capital Management LLC acquired a new stake in Cushman & Wakefield during the fourth quarter worth about $61,732,000. Norges Bank acquired a new stake in Cushman & Wakefield during the fourth quarter worth about $38,720,000. Raymond James Financial Inc. acquired a new stake in Cushman & Wakefield during the fourth quarter worth about $25,964,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cushman & Wakefield by 737.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company's stock worth $27,023,000 after acquiring an additional 1,745,986 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.