Cushman & Wakefield (NYSE:CWK) Upgraded by Wall Street Zen to Strong-Buy Rating

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

Several other brokerages also recently weighed in on CWK. The Goldman Sachs Group lowered their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. UBS Group raised their target price 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. Citigroup lowered their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of "Hold" and a consensus price target of $13.43.

Cushman & Wakefield Stock Down 1.1%

Shares of CWK opened at $11.70 on Friday. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $16.11. The company's 50-day simple moving average is $10.59 and its 200-day simple moving average is $11.07. 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 stock has a market capitalization of $2.71 billion, a PE ratio of 16.96 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share 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 firm had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. The business's revenue was up 4.6% on a year-over-year basis. Analysts forecast that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of Cushman & Wakefield

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Cushman & Wakefield by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after acquiring an additional 806,684 shares during the period. Dimensional Fund Advisors LP increased its stake in Cushman & Wakefield by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,064,891 shares of the company's stock valued at $123,300,000 after purchasing an additional 478,484 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Cushman & Wakefield by 2.1% during the first quarter. Victory Capital Management Inc. now owns 9,380,276 shares of the company's stock worth $95,866,000 after purchasing an additional 194,970 shares during the last quarter. Channing Capital Management LLC boosted its position in Cushman & Wakefield by 13.8% during the first quarter. Channing Capital Management LLC now owns 5,369,263 shares of the company's stock worth $54,874,000 after purchasing an additional 649,705 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Cushman & Wakefield by 1.8% in the first quarter. Ameriprise Financial Inc. now owns 4,022,204 shares of the company's stock valued at $41,107,000 after purchasing an additional 70,899 shares during the last quarter. Hedge funds and other institutional investors 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.

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