Equities Analysts Set Expectations for CWK FY2024 Earnings

Cushman & Wakefield plc (NYSE:CWK) – Equities research analysts at William Blair dropped their FY2024 earnings per share estimates for shares of Cushman & Wakefield in a research note issued 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 previous forecast 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.

CWK has been the topic of several other reports. Jefferies Financial Group downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group started coverage on shares of Cushman & Wakefield in a report on Friday, December 6th. They issued a “sell” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.50.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock opened at $13.26 on Monday. 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 $3.04 billion, a price-to-earnings ratio of 35.84 and a beta of 1.34. Cushman & Wakefield has a 1 year low of $9.24 and a 1 year high of $16.11. The firm’s 50-day moving average is $13.58 and its 200 day moving average is $13.42.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after purchasing an additional 2,027 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after acquiring an additional 2,691 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Cushman & Wakefield by 45.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after acquiring an additional 1,629 shares during the last quarter. KBC Group NV grew its holdings in shares of Cushman & Wakefield by 31.7% in the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after purchasing an additional 1,915 shares in the last quarter. Finally, CWM LLC increased its position in Cushman & Wakefield by 67.6% in the third quarter. CWM LLC now owns 9,167 shares of the company’s stock worth $125,000 after purchasing an additional 3,699 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

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.