Cushman & Wakefield PLC (NYSE:CWK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Cushman & Wakefield PLC (NYSE:CWK) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.3750.

Several equities analysts recently commented on CWK shares. Citizens Jmp started coverage on shares of Cushman & Wakefield in a research report on Monday, July 21st. They set a “strong-buy” rating and a $15.00 price target for the company. UBS Group upped their price target on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group raised shares of Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price target for the company in a research report on Friday, August 8th. JMP Securities upped their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the stock an “overweight” rating in a research note on Thursday, June 12th.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in Cushman & Wakefield by 2.6% during the first quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company’s stock worth $13,367,000 after buying an additional 32,795 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Cushman & Wakefield by 2.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company’s stock worth $5,972,000 after buying an additional 11,247 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Cushman & Wakefield during the first quarter worth approximately $333,000. Deutsche Bank AG grew its stake in Cushman & Wakefield by 58.0% during the fourth quarter. Deutsche Bank AG now owns 206,164 shares of the company’s stock worth $2,697,000 after buying an additional 75,693 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Cushman & Wakefield during the first quarter worth approximately $450,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK opened at $14.8540 on Thursday. The company has a market cap of $3.44 billion, a PE ratio of 16.88 and a beta of 1.50. Cushman & Wakefield has a 12 month low of $7.64 and a 12 month high of $16.11. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50-day simple moving average of $12.06 and a 200-day simple moving average of $11.03.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the business posted $0.20 earnings per share. Cushman & Wakefield’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Cushman & Wakefield will post 1.2 earnings per share for the current year.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.