Cushman & Wakefield (NYSE:CWK) Raised to Strong-Buy at 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 Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

Other research analysts have also issued reports about the company. JMP Securities increased their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a research report on Wednesday. The Goldman Sachs Group upgraded Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price objective on the stock in a research report on Friday. Citizens Jmp started coverage on Cushman & Wakefield in a research report on Monday, July 21st. They issued a "strong-buy" rating and a $15.00 price objective on the stock. 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. Finally, UBS Group increased their price objective on Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Cushman & Wakefield currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.38.

Cushman & Wakefield Stock Up 2.2%

NYSE CWK opened at $13.69 on Friday. The firm has a market cap of $3.17 billion, a PE ratio of 15.56 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.18. The stock's 50 day simple moving average is $11.37 and its 200 day simple moving average is $10.97. Cushman & Wakefield has a one year low of $7.64 and a one year high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced 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 analyst estimates of $2.38 billion. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%. The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. As a group, sell-side analysts forecast that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CWK. CENTRAL TRUST Co acquired a new stake in Cushman & Wakefield during the 2nd quarter worth $50,000. Sterling Capital Management LLC raised its stake in Cushman & Wakefield by 820.3% during the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock worth $94,000 after buying an additional 6,431 shares during the period. EP Wealth Advisors LLC acquired a new stake in Cushman & Wakefield during the 1st quarter worth $102,000. Sage Rhino Capital LLC acquired a new stake in Cushman & Wakefield during the 2nd quarter worth $115,000. Finally, DRW Securities LLC acquired a new stake in Cushman & Wakefield during the 1st quarter worth $109,000. 95.56% of the stock is currently owned by 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.

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