|Over a week ago|
Cushman & Wakefield price target raised to $20 from $17 at JPMorgan » 08:1007/0907/09/21
JPMorgan analyst Anthony…
JPMorgan analyst Anthony Paolone raised the firm's price target on Cushman & Wakefield to $20 from $17 and keeps a Neutral rating on the shares. The analyst increased estimates above consensus citing a "much quicker" rebound in capital markets, continued growth in outsourcing, and solid improvement in leasing and valuation.
|Over a month ago|
Cushman & Wakefield initiated with an Outperform at Wolfe Research » 16:5306/1406/14/21
Wolfe Research analyst…
Wolfe Research analyst Andrew Rosivach initiated coverage of Cushman & Wakefield with an Outperform rating and $27 price target. As the most leveraged of the brokers, Cushman is "poised to produce upsized growth in the brokerage sector," Rosivach tells investors in a research note.
Cushman & Wakefield 10M share Spot Secondary priced at $18.75 » 21:5706/0206/02/21
The deal range was…
The deal range was $18.75-19.25. Goldman Sachs acted as sole book running manager for the offering.
Cushman & Wakefield announces offering of 10M ordinary shares for holders » 16:4206/0206/02/21
Cushman & Wakefield…
Cushman & Wakefield announced the launch of a proposed underwritten public offering of 10M ordinary shares. All of the ordinary shares are being offered by existing shareholders and Cushman & Wakefield will not receive any of the proceeds from the offering. Goldman Sachs & Co. LLC is serving as sole underwriter for the offering.
Cushman & Wakefield downgraded to Underperform from Neutral at BofA » 06:3605/1705/17/21
BofA analyst Michael Funk…
BofA analyst Michael Funk downgraded Cushman & Wakefield to Underperform from Neutral with a $16.50 price target, citing the company's relatively lower reopening exposure.
Cushman & Wakefield reports Q1 adjusted EPS 11c, consensus 0c » 16:2405/0605/06/21
Reports Q1 revenue $1.9B,…
Reports Q1 revenue $1.9B, consensus $1.54B. "We are off to a very strong start to 2021 with better than expected revenue as clients continue to turn to Cushman & Wakefield for our expert advice and differentiated service offering. Our focus remains on leading the industry through this recovery while also operating efficiently throughout our global portfolio of diversified services. We remain well-positioned with a strong balance sheet and significant liquidity to take advantage of growth opportunities during what we anticipate will be an uneven market rebound," said Brett White, Executive Chairman and CEO.
Cushman & Wakefield appoints Holly Tyson as CPO » 11:0205/0305/03/21
Cushman & Wakefield…
Cushman & Wakefield (CWK) has appointed Holly Tyson as chief people officer, effective May 10. In this role, Tyson will be responsible for leading Cushman & Wakefield's human resources function and developing and implementing a customer-centric and results-focused people strategy for the firm's 50,000 employees globally. She will be a member of the firm's Global Management Team. She joins Cushman & Wakefield from Zebra Technologies (ZBRA), where she notably led the cultural integration of a major acquisition and managed COVID-19 challenges across the globe as CHRO.
|Over a quarter ago|
Cushman & Wakefield secures $62M construction loan for multifamily community » 13:3004/0604/06/21
Cushman & Wakefield…
Cushman & Wakefield announced the firm has arranged the $62M construction financing for Bungalows on Cotton Lane, a new 336-unit, single-story, built-to-rent community situated on 35 acres in Glendale, Arizona. The loan was provided to Cavan Companies, the developer, and was originated by ACRES Capital. "Bungalows on Cotton Lane will provide a wonderful Class A horizontal rental opportunity for residents of Glendale and Phoenix Metro market seeking a modern stand-alone home with all the amenity perks found in a more luxury multifamily environment, along with maintenance-free living," said Korer, Senior Director. "The community is a unique and flexible housing product that meets the demand of new rental market trends - boasting higher rent and higher retention."
Cushman & Wakefield reports Q4 EPS 43c, consensus 35c » 16:3402/2502/25/21
Reports Q4 fee revenue…
Reports Q4 fee revenue $1.6B, consensus $1.50B. Adjusted EBITDA for the fourth quarter of 2020 was $198.1 million, down 32%. "We believe our strong balance sheet and continued focus on operational excellence positions us to deliver sustainable, long-term shareholder value," said Brett White, Executive Chairman & CEO.
Fly Intel: Top five analyst initiations » 09:5201/2501/25/21
CIGI, CWK, EA, BABA, JD, CAR
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Colliers International (CIGI) and Cushman & Wakefield (CWK) initiated with a Neutral at Goldman Sachs. 2. Electronic Arts (EA) reinstated with a Buy at Goldman Sachs. 3. Alibaba (BABA) initiated with a Market Perform at Bernstein. 4. JD.com (JD) initiated with an Outperform at Bernstein. 5. Avis Budget (CAR) initiated with a Buy at BofA. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.