Cushman & Wakefield plc (NYSE:CWK) Receives Average Rating of “Hold” from Analysts

Cushman & Wakefield plc (NYSE:CWK) has earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $14.10.

A number of brokerages recently issued reports on CWK. JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Citigroup dropped their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group dropped their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their target price for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock opened at $10.42 on Monday. The firm has a fifty day simple moving average of $12.37 and a 200-day simple moving average of $13.19. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. Cushman & Wakefield has a 1-year low of $9.24 and a 1-year high of $16.11. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 18.94 and a beta of 1.40.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. On average, sell-side analysts expect that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its holdings in Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after buying an additional 2,691 shares during the period. Blue Trust Inc. increased its holdings in Cushman & Wakefield by 26.5% in the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after buying an additional 928 shares during the period. Sterling Capital Management LLC increased its holdings in Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock valued at $94,000 after buying an additional 6,431 shares during the period. KBC Group NV increased its holdings in Cushman & Wakefield by 31.7% in the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after buying an additional 1,915 shares during the period. Finally, Ieq Capital LLC bought a new stake in Cushman & Wakefield in the 4th quarter valued at $135,000. Institutional investors own 95.56% of the company’s stock.

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.