Cushman & Wakefield plc (NYSE: CWK) stock jumped 0.60% on Monday to $8.32 against a previous-day closing price of $8.27. With 1.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.39 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $8.36 whereas the lowest price it dropped to was $8.08. The 52-week range on CWK shows that it touched its highest point at $15.63 and its lowest point at $7.16 during that stretch. It currently has a 1-year price target of $12.00. Beta for the stock currently stands at 1.36.
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 -6.20%, but this was down by -8.17% over a month. Three-month performance dropped to -5.13% while six-month performance fell -21.14%. The stock lost -41.98% in the past year, while it has lost -33.23% so far this year. A look at the trailing 12-month EPS for CWK yields -0.08 with Next year EPS estimates of 1.52. For the next quarter, that number is 0.34. This implies an EPS growth rate of -22.00% for this year and 42.78% 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 21.40%.
Float and Shares Shorts:
At present, 227.10 million CWK shares are outstanding with a float of 170.24 million shares on hand for trading. On Aug 30, 2023, short shares totaled 20.44 million, which was 9.00% higher than short shares on Jul 30, 2023. In addition to Mr. W. Brett White as the firm’s Exec. Chairman, Ms. Michelle Marie MacKay serves as its CEO & Director.
Through their ownership of 95.97% of CWK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.05% of CWK, in contrast to 32.72% held by mutual funds. Shares owned by individuals account for 29.14%. As the largest shareholder in CWK with 11.29% of the stake, The Vanguard Group, Inc. holds 25,639,452 shares worth 25,639,452. A second-largest stockholder of CWK, BlackRock Fund Advisors, holds 20,043,930 shares, controlling over 8.82% of the firm’s shares. Pacific Alliance Investment Manag is the third largest shareholder in CWK, holding 19,674,303 shares or 8.66% stake. With a 4.91% 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 iShares Core S&P Small Cap ETF, which owns about 4.22% of CWK stock, is the second-largest Mutual Fund holder. It holds 9,581,275 shares valued at 88.05 million. Vanguard Real Estate Index Fund holds 2.93% of the stake in CWK, owning 6,654,102 shares worth 61.15 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, CWK reported revenue of $2.61B and operating income of $177.90M. The EBITDA in the recently reported quarter was $234.80M and diluted EPS was $0.43.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CWK since 0 analysts follow the stock currently. 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 $18.00 and a low target of $10.50, the average target price over the next 12 months is $12.40. Based on these targets, CWK could surge 116.35% to reach the target high and rise by 26.2% to reach the target low. Reaching the average price target will result in a growth of 49.04% 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.
Summary of Insider Activity:
Insiders traded CWK stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 20,667 shares were bought while 3,053,419 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 642,503 while 6,307,771 shares were sold.