Cushman & Wakefield plc (NYSE: CWK) stock jumped 0.81% on Wednesday to $11.23 against a previous-day closing price of $11.14. With 0.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.35 million shares. The 52-week range on CWK shows that it touched its highest point at $23.54 and its lowest point at $10.04 during that stretch. It currently has a 1-year price target of $18.88. Beta for the stock currently stands at 1.43.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CWK was down-trending over the past week, with a drop of -1.75%, but this was down by -4.18% over a month. Three-month performance dropped to -29.37% while six-month performance fell -37.16%. The stock lost -41.48% in the past year, while it has lost -49.51% so far this year. A look at the trailing 12-month EPS for CWK yields 1.37 with Next year EPS estimates of 1.92. For the next quarter, that number is 0.54. This implies an EPS growth rate of 210.50% for this year and -5.41% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.20%.
Float and Shares Shorts:
At present, 225.70 million CWK shares are outstanding with a float of 162.97 million shares on hand for trading. On Oct 13, 2022, short shares totaled 6.58 million, which was 2.91% higher than short shares on Sep 14, 2022. In addition to Mr. W. Brett White as the firm’s Exec. Chairman, Mr. John Forrester serves as its CEO & Director.
Through their ownership of 85.63% of CWK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.44% of CWK, in contrast to 35.44% held by mutual funds. Shares owned by individuals account for 30.92%. As the largest shareholder in CWK with 13.19% of the stake, Fidelity Management & Research Co holds 29,762,095 shares worth 29,762,095. A second-largest stockholder of CWK, Pacific Alliance Investment Manag, holds 25,717,475 shares, controlling over 11.40% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CWK, holding 22,768,059 shares or 10.09% stake. With a 4.94% stake in CWK, the Ontario Teachers Pension Plan is the largest stakeholder. A total of 11,145,340 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 2.95% of CWK stock, is the second-largest Mutual Fund holder. It holds 6,646,466 shares valued at 76.77 million. Vanguard Total Stock Market Index holds 2.11% of the stake in CWK, owning 4,762,711 shares worth 55.01 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CWK since 10 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CWK analysts setting a high price target of $28.00 and a low target of $13.00, the average target price over the next 12 months is $18.88. Based on these targets, CWK could surge 149.33% to reach the target high and rise by 15.76% to reach the target low. Reaching the average price target will result in a growth of 68.12% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CWK will report FY 2022 earnings on 03/02/2023. Analysts have provided yearly estimates in a range of $2.52 being high and $1.91 being low. For CWK, this leads to a yearly average estimate of $2.13. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Cushman & Wakefield plc surprised analysts by -$0.33 when it reported $0.21 EPS against a consensus estimate of $0.54. The surprise factor in the prior quarter was $0.09. Based on analyst estimates, the high estimate for the next quarter is $0.80 and the low estimate is $0.35. The average estimate for the next quarter is thus $0.57.
Summary of Insider Activity:
Insiders traded CWK stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 35 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 2,063,875 while 12,244,957 shares were sold.