Cushman & Wakefield (NYSE:CWK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cushman & Wakefield (NYSE:CWK) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

A number of other equities research analysts have also commented on CWK. JMP Securities set a $19.00 target price on Cushman & Wakefield in a research report on Monday, November 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday. Zacks Research lowered Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, The Goldman Sachs Group upgraded Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price objective on the stock in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.38.

Cushman & Wakefield Price Performance

NYSE CWK opened at $16.10 on Friday. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 16.77 and a beta of 1.56. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day moving average price is $15.85 and its 200 day moving average price is $13.58. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $17.33.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Cushman & Wakefield had a return on equity of 14.69% and a net margin of 2.23%.The firm’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. As a group, equities research analysts forecast that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Insider Activity

In related news, Director Angela Sun sold 6,800 shares of Cushman & Wakefield stock in a transaction on Friday, September 5th. The shares were sold at an average price of $16.02, for a total value of $108,936.00. Following the sale, the director owned 46,498 shares of the company’s stock, valued at approximately $744,897.96. This trade represents a 12.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cushman & Wakefield

Large investors have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. acquired a new stake in shares of Cushman & Wakefield in the third quarter valued at about $393,000. Danske Bank A S purchased a new position in Cushman & Wakefield in the 3rd quarter valued at about $1,374,000. Hancock Whitney Corp purchased a new position in Cushman & Wakefield in the 3rd quarter valued at about $246,000. PharVision Advisers LLC acquired a new stake in Cushman & Wakefield in the 3rd quarter worth about $202,000. Finally, XTX Topco Ltd purchased a new stake in Cushman & Wakefield during the 3rd quarter worth approximately $1,096,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Company Profile

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.