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

Wall Street Zen upgraded shares of Cushman & Wakefield (NYSE:CWK - Free Report) from a buy rating to a strong-buy rating in a research report report published on Saturday.

CWK has been the subject of several other research reports. Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Citigroup lowered their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. The Goldman Sachs Group lowered their target price 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. UBS Group lowered their target price on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $13.00.

Cushman & Wakefield Trading Down 3.4%

Shares of NYSE CWK traded down $0.36 during trading on Friday, reaching $10.26. The stock had a trading volume of 1,623,161 shares, compared to its average volume of 1,954,304. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. 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 business's 50-day moving average price is $9.66 and its 200-day moving average price is $11.46. The company has a market cap of $2.37 billion, a P/E ratio of 14.87 and a beta of 1.43.

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, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. Cushman & Wakefield's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts predict that Cushman & Wakefield will post 1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Channing Capital Management LLC purchased a new position in shares of Cushman & Wakefield during the fourth quarter worth about $61,732,000. Norges Bank purchased a new position in shares of Cushman & Wakefield during the fourth quarter worth about $38,720,000. Raymond James Financial Inc. purchased a new position in Cushman & Wakefield during the 4th quarter worth approximately $25,964,000. Deutsche Bank AG grew its stake in Cushman & Wakefield by 807.1% during the 1st quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock worth $19,112,000 after buying an additional 1,663,880 shares during the last quarter. Finally, Next Century Growth Investors LLC purchased a new position in Cushman & Wakefield during the 4th quarter worth approximately $16,580,000. 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.