Cushman & Wakefield (NYSE:CWK) Coverage Initiated by Analysts at JMP Securities

JMP Securities began coverage on shares of Cushman & Wakefield (NYSE:CWK - Free Report) in a research note released on Monday morning,Benzinga reports. The brokerage issued a market outperform rating and a $15.00 price target on the stock.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. UBS Group lifted their price target on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Finally, Wall Street Zen lowered shares of Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research note on Sunday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Cushman & Wakefield has a consensus rating of "Hold" and a consensus price target of $13.78.

Cushman & Wakefield Stock Up 1.8%

Shares of NYSE CWK traded up $0.21 during mid-day trading on Monday, reaching $11.62. 1,540,571 shares of the company traded hands, compared to its average volume of 1,961,466. The company's fifty day moving average is $10.72 and its two-hundred day moving average is $10.97. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The stock has a market cap of $2.69 billion, a PE ratio of 16.84 and a beta of 1.43. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (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 business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.26 billion. The company's revenue was up 4.6% compared to the same quarter last year. On average, analysts expect that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

A number of large investors have recently made changes to their positions in CWK. Sterling Capital Management LLC raised 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 acquiring an additional 6,431 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Cushman & Wakefield in the 1st quarter valued at approximately $102,000. DRW Securities LLC purchased a new stake in shares of Cushman & Wakefield in the 1st quarter valued at approximately $109,000. Sage Rhino Capital LLC purchased a new position in shares of Cushman & Wakefield during the 2nd quarter worth approximately $115,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Cushman & Wakefield during the 2nd quarter worth approximately $129,000. 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.