Cushman & Wakefield (NYSE:CWK) Given New $16.00 Price Target at JMP Securities

Key Points

• JMP Securities has raised the price target for Cushman & Wakefield (NYSE:CWK) from $15.00 to $16.00, indicating a potential upside of 18.47%.
• The company reported $0.30 EPS for the quarter, surpassing expectations and showing a 7.2% increase in revenue compared to the previous year.
• Cushman & Wakefield currently has a consensus rating of "Hold" among analysts, with the average price target at $13.63.

Cushman & Wakefield (NYSE:CWK - Get Free Report) had its target price lifted by stock analysts at JMP Securities from $15.00 to $16.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "market outperform" rating on the stock. JMP Securities' price objective indicates a potential upside of 17.47% from the stock's previous close.

Several other analysts have also weighed in on CWK. Citizens Jmp initiated coverage on shares of Cushman & Wakefield in a research note on Monday, July 21st. They set a "strong-buy" rating and a $15.00 target price for the company. 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 report on Thursday, April 10th. Morgan Stanley set a $14.50 target price on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. UBS Group upped their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen cut Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $14.38.

Cushman & Wakefield Stock Up 1.7%

CWK stock traded up $0.23 during midday trading on Wednesday, hitting $13.62. 611,106 shares of the company's stock were exchanged, compared to its average volume of 2,061,627. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 15.48 and a beta of 1.50. The company has a current ratio of 1.13, a quick ratio of 1.18 and a debt-to-equity ratio of 1.48. The firm has a 50 day moving average price of $11.29 and a 200-day moving average price of $10.97. Cushman & Wakefield has a 12-month low of $7.64 and a 12-month high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $2.38 billion. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The firm's revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. On average, analysts anticipate that Cushman & Wakefield will post 1.2 EPS for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

A number of institutional investors have recently added to or reduced their stakes in the company. CENTRAL TRUST Co acquired a new stake in shares of Cushman & Wakefield in the second quarter valued at $50,000. Sterling Capital Management LLC grew its stake in shares of Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock worth $94,000 after purchasing an additional 6,431 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Cushman & Wakefield in the 1st quarter worth approximately $102,000. DRW Securities LLC acquired a new stake in Cushman & Wakefield during the first quarter valued at approximately $109,000. Finally, Sage Rhino Capital LLC bought a new stake in Cushman & Wakefield during the second quarter worth approximately $115,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

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.