Cushman & Wakefield (NYSE:CWK) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Cushman & Wakefield (NYSE:CWKGet Rating) from a hold rating to a strong-buy rating in a research note released on Tuesday, Zacks.com reports. Zacks Investment Research currently has $20.00 target price on the stock.

According to Zacks, “Cushman & Wakefield plc is a real estate services firm. The Company acquires and develops commercial properties as well as provides property leasing, facilities management, tenant representation and valuation services. Cushman & Wakefield plc is based in Chicago, United States. “

A number of other equities analysts also recently weighed in on the stock. Raymond James dropped their target price on shares of Cushman & Wakefield from $38.00 to $32.00 and set a strong-buy rating for the company in a research note on Tuesday, April 26th. Wolfe Research dropped their price target on shares of Cushman & Wakefield from $44.00 to $28.00 and set an outperform rating for the company in a research note on Thursday, March 10th. Citigroup dropped their price target on shares of Cushman & Wakefield from $23.00 to $21.00 in a research note on Thursday, April 21st. The Goldman Sachs Group assumed coverage on shares of Cushman & Wakefield in a research note on Tuesday, April 5th. They set a buy rating and a $25.00 price target for the company. Finally, Morgan Stanley dropped their price target on shares of Cushman & Wakefield from $25.00 to $23.00 and set an overweight rating for the company in a research note on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $23.06.

Shares of NYSE CWK opened at $18.20 on Tuesday. Cushman & Wakefield has a 1-year low of $15.97 and a 1-year high of $23.54. The company has a market cap of $4.10 billion, a PE ratio of 13.28, a P/E/G ratio of 0.71 and a beta of 1.37. The company has a current ratio of 1.15, a quick ratio of 1.16 and a debt-to-equity ratio of 2.09. The company has a 50-day moving average of $19.17 and a two-hundred day moving average of $20.16.

Cushman & Wakefield (NYSE:CWKGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.25. Cushman & Wakefield had a net margin of 3.19% and a return on equity of 27.90%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the firm posted ($0.08) earnings per share. The company’s revenue was up 20.6% on a year-over-year basis. As a group, equities research analysts forecast that Cushman & Wakefield will post 2.44 earnings per share for the current year.

In other news, President Andrew R. Mcdonald sold 2,061 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $21.00, for a total value of $43,281.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman W Brett White sold 186,304 shares of the company’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $21.94, for a total transaction of $4,087,509.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 357,259 shares of company stock valued at $7,647,890. Corporate insiders own 1.27% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cushman & Wakefield by 3.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,372,653 shares of the company’s stock valued at $28,154,000 after buying an additional 47,775 shares during the period. Mariner LLC bought a new stake in shares of Cushman & Wakefield in the first quarter worth $268,000. Laurel Wealth Advisors Inc. lifted its position in shares of Cushman & Wakefield by 3.5% in the first quarter. Laurel Wealth Advisors Inc. now owns 31,572 shares of the company’s stock worth $648,000 after purchasing an additional 1,055 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Cushman & Wakefield by 703.1% in the first quarter. Federated Hermes Inc. now owns 1,087,308 shares of the company’s stock worth $22,301,000 after purchasing an additional 951,914 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Cushman & Wakefield by 4.9% in the first quarter. Vanguard Group Inc. now owns 21,492,196 shares of the company’s stock worth $440,804,000 after purchasing an additional 999,195 shares in the last quarter. Institutional investors own 82.33% of the company’s stock.

About Cushman & Wakefield (Get Rating)

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East, and Africa; and Asia Pacific segments.

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