During the last session, Cushman & Wakefield plc (NYSE:CWK)’s traded shares were 1.93 million, with the beta value of the company hitting 1.35. At the end of the trading day, the stock’s price was $7.74, reflecting an intraday loss of -1.02% or -$0.08. The 52-week high for the CWK share is $19.15, that puts it down -147.42 from that peak though still a striking 7.49% gain since the share price plummeted to a 52-week low of $7.16. The company’s market capitalization is $1.81B, and the average intraday trading volume over the past 10 days was 2.35 million shares, and the average trade volume was 2.55 million shares over the past three months.
Cushman & Wakefield plc (NYSE:CWK) trade information
Cushman & Wakefield plc (CWK) registered a -1.02% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.02% in intraday trading to $7.74 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -4.56%, and it has moved by -13.33% in 30 days. Based on these gigs, the overall price performance for the year is -56.00%. The short interest in Cushman & Wakefield plc (NYSE:CWK) is 21.16 million shares and it means that shorts have 6.76 day(s) to cover.
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The consensus price target of analysts on Wall Street is $12.42, which implies an increase of 37.68% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.50 and $21.00 respectively. As a result, CWK is trading at a discount of -171.32% off the target high and -9.82% off the low.
Cushman & Wakefield plc (CWK) estimates and forecasts
Statistics show that Cushman & Wakefield plc has underperformed its competitors in share price, compared to the industry in which it operates. Cushman & Wakefield plc (CWK) shares have gone down -30.52% during the last six months, with a year-to-date growth rate less than the industry average at -37.00% against -9.90. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -63.50% this quarter and then drop -14.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -22.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.9 billion as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $2 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.92 billion and $1.77 billion respectively. In this case, analysts expect current quarter sales to shrink by -0.80% and then jump by 13.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 21.40%. While earnings are projected to return -22.00% in 2023, the next five years will return 10.00% per annum.
Cushman & Wakefield plc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cushman & Wakefield plc (NYSE:CWK)’s Major holders
Cushman & Wakefield plc insiders own 12.39% of total outstanding shares while institutional holders control 96.65%, with the float percentage being 110.31%. TPG GP A, LLC is the largest shareholder of the company, while 291 institutions own stock in it. As of Mar 30, 2023, the company held over 34.83 million shares (or 15.34% of all shares), a total value of $367.14 million in shares.
The next largest institutional holding, with 26.96 million shares, is of FMR, LLC’s that is approximately 11.87% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $284.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of Cushman & Wakefield plc (CWK) shares are iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund. Data provided on Feb 27, 2023 indicates that iShares Core S&P Smallcap ETF owns about 8.98 million shares. This amounts to just over 3.96 percent of the company’s overall shares, with a $116.22 million market value. The same data shows that the other fund manager holds slightly less at 6.54 million, or about 2.88% of the stock, which is worth about $94.43 million.