Cushman & Wakefield (NYSE:CWK) Stock Rating Upgraded by Wall Street Zen

Key Points

• Cushman & Wakefield was upgraded by Wall Street Zen from a "buy" to a "strong-buy" rating, indicating increased confidence in the stock's potential.
• Multiple analysts have raised their price targets for the stock, with JMP Securities setting it at $16.00 and Goldman Sachs at $17.50.
• The company's recent quarterly earnings showed a 7.2% year-over-year revenue growth and an EPS of $0.30, surpassing analysts' expectations.

Cushman & Wakefield (NYSE:CWK - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

A number of other research firms have also recently weighed in on CWK. JMP Securities raised their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the company an "overweight" rating in a report on Thursday, June 12th. The Goldman Sachs Group upgraded shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 target price for the company in a research note on Friday, August 8th. Citizens Jmp assumed coverage on shares of Cushman & Wakefield in a research report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price target for the company. Finally, UBS Group raised their price target 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. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Cushman & Wakefield currently has a consensus rating of "Moderate Buy" and an average target price of $14.38.

Cushman & Wakefield Stock Up 3.2%

Cushman & Wakefield stock traded up $0.46 during midday trading on Friday, hitting $14.67. 646,832 shares of the company's stock were exchanged, compared to its average volume of 2,074,201. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13. Cushman & Wakefield has a 12 month low of $7.64 and a 12 month high of $16.11. The firm has a 50-day moving average of $11.52 and a two-hundred day moving average of $10.96. The company has a market cap of $3.40 billion, a PE ratio of 16.66 and a beta of 1.50.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $2.38 billion. During the same period last year, the business earned $0.20 EPS. The company's revenue was up 7.2% compared to the same quarter last year. As a group, analysts expect that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cushman & Wakefield

A number of institutional investors have recently added to or reduced their stakes in CWK. Vaughan Nelson Investment Management L.P. grew its stake in Cushman & Wakefield by 46.2% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company's stock valued at $134,573,000 after acquiring an additional 3,842,859 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Cushman & Wakefield in the fourth quarter worth approximately $25,964,000. Deutsche Bank AG boosted its stake in shares of Cushman & Wakefield by 807.1% in the first quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock worth $19,112,000 after acquiring an additional 1,663,880 shares during the last quarter. Next Century Growth Investors LLC acquired a new stake in shares of Cushman & Wakefield in the fourth quarter worth approximately $16,580,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 worth $40,123,000 after acquiring an additional 1,084,940 shares during the last quarter. Institutional investors and hedge funds 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.