Cushman & Wakefield PLC (NYSE:CWK) Receives $18.06 Average Price Target from Brokerages

Cushman & Wakefield PLC (NYSE:CWK) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $18.0625.

CWK has been the topic of a number of recent research reports. Wolfe Research upgraded Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research report on Monday, February 9th. Wall Street Zen lowered Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Barclays decreased their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $19.00 price objective on shares of Cushman & Wakefield in a research report on Friday, January 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CWK. EverSource Wealth Advisors LLC boosted its position in Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after buying an additional 1,321 shares during the last quarter. First Horizon Corp bought a new position in shares of Cushman & Wakefield in the 3rd quarter worth $32,000. Aster Capital Management DIFC Ltd bought a new position in shares of Cushman & Wakefield in the 4th quarter worth $32,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Cushman & Wakefield by 184.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock worth $33,000 after purchasing an additional 1,318 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Cushman & Wakefield by 4,473.5% in the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 2,192 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Trading Up 0.5%

CWK stock opened at $14.35 on Tuesday. The business has a fifty day moving average price of $13.02 and a 200 day moving average price of $14.94. Cushman & Wakefield has a fifty-two week low of $8.66 and a fifty-two week high of $17.40. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 37.75 and a beta of 1.49. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm posted $0.48 EPS. The business’s revenue was up 10.8% on a year-over-year basis. Analysts expect that Cushman & Wakefield will post 1.44 EPS for the current fiscal year.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.