Cushman & Wakefield plc (NYSE: CWK) stock fell -1.17% on Monday to $8.48 against a previous-day closing price of $8.58. With 2.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.54 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $8.63 whereas the lowest price it dropped to was $8.44. The 52-week range on CWK shows that it touched its highest point at $15.63 and its lowest point at $6.24 during that stretch. It currently has a 1-year price target of $10.20. 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 up-trending over the past week, with a rise of 13.22%, but this was up by 25.44% over a month. Three-month performance dropped to -3.64% while six-month performance rose 3.92%. The stock lost -23.81% in the past year, while it has lost -31.94% so far this year. A look at the trailing 12-month EPS for CWK yields -0.33 with Next year EPS estimates of 1.21. For the next quarter, that number is 0.41. This implies an EPS growth rate of -57.53% for this year and 42.57% for next year.
Float and Shares Shorts:
At present, 225.78 million CWK shares are outstanding with a float of 199.91 million shares on hand for trading. On Oct 30, 2023, short shares totaled 19.57 million, which was 8.61% higher than short shares on Sep 28, 2023. In addition to Mr. William Brett White as the firm’s Executive Chairman, Ms. Michelle Marie MacKay serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 95.97% of CWK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.87% of CWK, in contrast to 31.89% held by mutual funds. Shares owned by individuals account for 28.32%. As the largest shareholder in CWK with 11.58% of the stake, The Vanguard Group, Inc. holds 26,304,659 shares worth 26,304,659. A second-largest stockholder of CWK, BlackRock Fund Advisors, holds 20,676,215 shares, controlling over 9.10% 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 70.61 million. Vanguard Real Estate Index Fund holds 2.88% of the stake in CWK, owning 6,549,985 shares worth 48.27 million.
Analysts Ratings:
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 $11.00 and a low target of $8.50, the average target price over the next 12 months is $10.20. Based on these targets, CWK could surge 29.72% to reach the target high and rise by 0.24% to reach the target low. Reaching the average price target will result in a growth of 20.28% from current levels.
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 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.
