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Wednesday, June 7, 2023

Are Things Looking Up For Cushman & Wakefield plc (NYSE: CWK)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Cushman & Wakefield plc (CWK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.14, or 1.82%, to $7.84. The Cushman & Wakefield plc has recorded 15,249 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Cushman & Wakefield Announces Passing of John C. Cushman, III.

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Stocks Info

The company is listed on the NYSE and operates within the Real Estate Services industry segment. At the end of the last regular session, the stock closed at $7.70 and fluctuated between $7.85 as its day high and $7.59 as its day low. The current market capitalization of Cushman & Wakefield plc is $1.79B. A total of 1.54 million shares were traded on the day, compared to an average of 2.55M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CWK has seen 28 BUY and 22 SELL insider trades, representing the acquisition of 582,252 and the disposition of 239,352 shares. Over the last 12 months, there were 31 BUYs and 26 SELLs from insiders. Insiders purchased 621,419 shares during that period but sold 5,341,938.

In the most recent transaction, MACKAY MICHELLE bought 3,500 shares of CWK for 14.64 per share on Jun 13. After the transaction, the insider now owns 50,760 company shares. In a previous transaction on Jun 03, Robinson Nathaniel sold 15,231 shares at 17.58 per share. CWK shares that insider owns now total 22,580.

Among the insiders who sold shares, TPG GP A, LLC disposed of 2,920,717 shares on May 31 at a per-share price of $18.39. This resulted in the 10% Owner holding 34,832,955 shares of CWK after the transaction. In another insider transaction, PAGAC Drone Holding GP I Ltd sold 2,156,391 shares at $18.39 per share on May 31. Company shares held by the 10% Owner now total 25,717,475.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CWK in the last 3 months, the mean price target is $13.42 with high estimates of $21.00 and low estimates of $8.50. In terms of 52-week highs and lows, CWK has a high of $19.15 and a low of $7.16.

As of this writing, CWK has an earnings estimate of $0.22 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.18. The company reported an EPS of $0.46 in the last quarter, which was 2.20% higher than expectations of $0.45.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CWK’s latest balance sheet shows that the firm has $770.70M in Cash & Short Term Investments as of fiscal 2021. There were $3.66B in debt and $2.43B in liabilities at the time. Its Book Value Per Share was $7.36, while its Total Shareholder’s Equity was $1.45B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CWK is Buy with a score of 3.83.

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