Cushman & Wakefield (NYSE:CWK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Cushman & Wakefield (NYSE:CWK) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $14.00 to $17.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.32% from the company’s previous close.

Separately, The Goldman Sachs Group began coverage on Cushman & Wakefield in a report on Friday, December 6th. They issued a “sell” rating and a $15.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Cushman & Wakefield has an average rating of “Hold” and a consensus price target of $15.25.

Cushman & Wakefield Stock Performance

CWK stock opened at $14.62 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 39.57 and a beta of 1.32. The business’s fifty day simple moving average is $14.12 and its two-hundred day simple moving average is $12.83. Cushman & Wakefield has a twelve month low of $9.24 and a twelve month high of $16.11.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. Analysts predict that Cushman & Wakefield will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On Cushman & Wakefield

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. raised its holdings in Cushman & Wakefield by 83.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after buying an additional 5,171,340 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Cushman & Wakefield by 31.2% in the second quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock valued at $108,108,000 after purchasing an additional 2,469,831 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Cushman & Wakefield by 23.1% during the second quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock worth $105,802,000 after acquiring an additional 1,910,212 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Cushman & Wakefield by 737.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company’s stock valued at $27,023,000 after purchasing an additional 1,745,986 shares during the period. Finally, Granite Investment Partners LLC acquired a new position in Cushman & Wakefield during the 2nd quarter worth approximately $13,998,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Cushman & Wakefield

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.