Citizens Jmp Begins Coverage on Cushman & Wakefield (NYSE:CWK)

Equities research analysts at Citizens Jmp initiated coverage on shares of Cushman & Wakefield (NYSE:CWK - Get Free Report) in a research note issued on Monday, MarketBeat reports. The firm set a "mkt outperform" rating and a $15.00 price target on the stock. Citizens Jmp's price objective indicates a potential upside of 30.38% from the company's previous close.

Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research report on Sunday. JPMorgan Chase & Co. cut their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. UBS Group upped their target price on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. JMP Securities started coverage on Cushman & Wakefield in a research report on Monday. They issued a "market outperform" rating and a $15.00 price target for the company. Finally, Morgan Stanley set a $14.50 price objective on Cushman & Wakefield and gave the company an "overweight" rating in a research report on Thursday, June 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $13.78.

Cushman & Wakefield Trading Up 2.9%

Cushman & Wakefield stock traded up $0.33 during trading hours on Monday, hitting $11.51. The company had a trading volume of 251,921 shares, compared to its average volume of 1,956,917. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $2.66 billion, a P/E ratio of 16.69 and a beta of 1.43. The company has a 50-day moving average price of $10.71 and a two-hundred day moving average price of $10.98. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. The firm's revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds and other institutional investors have recently modified their holdings of CWK. Norges Bank purchased a new stake in Cushman & Wakefield during the fourth quarter worth $38,720,000. Raymond James Financial Inc. acquired a new stake in shares of Cushman & Wakefield during the 4th quarter valued at about $25,964,000. Deutsche Bank AG increased its stake in shares of Cushman & Wakefield by 807.1% in the 1st quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock valued at $19,112,000 after purchasing an additional 1,663,880 shares in the last quarter. Next Century Growth Investors LLC purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at approximately $16,580,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Cushman & Wakefield by 54.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock valued at $40,123,000 after purchasing an additional 1,084,940 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

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.