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

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

Other research analysts also recently issued reports about the company. 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 note on Wednesday, July 2nd. JPMorgan Chase & Co. reduced their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley set a $14.50 price target on Cushman & Wakefield and gave the company an "overweight" rating in a report on Thursday, June 12th. The Goldman Sachs Group reduced their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. Finally, Citigroup lowered their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $13.43.

Cushman & Wakefield Stock Performance

NYSE CWK traded down $0.40 during trading hours on Friday, reaching $11.23. 1,127,873 shares of the company were exchanged, compared to its average volume of 1,961,503. The business's 50 day simple moving average is $10.59 and its 200-day simple moving average is $11.04. The stock has a market capitalization of $2.60 billion, a P/E ratio of 16.32 and a beta of 1.43. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.64.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.70% and a return on equity of 13.50%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield's quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CWK. Norges Bank bought a new stake in shares of Cushman & Wakefield during the 4th quarter valued at $38,720,000. Raymond James Financial Inc. purchased a new stake in Cushman & Wakefield during the fourth quarter valued at approximately $25,964,000. Deutsche Bank AG raised its holdings in shares of Cushman & Wakefield by 807.1% during the first quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock worth $19,112,000 after purchasing an additional 1,663,880 shares during the last quarter. Next Century Growth Investors LLC acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth about $16,580,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cushman & Wakefield by 54.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock valued at $40,123,000 after buying an additional 1,084,940 shares during the period. 95.56% of the stock is 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.