Cushman & Wakefield (NYSE:CWK) Upgraded 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 released on Saturday.

A number of other brokerages also recently issued reports on CWK. Citigroup reduced their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. reduced their price target on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group reduced their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. UBS Group reduced their price target on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley increased their price target on Cushman & Wakefield from $14.00 to $14.50 and gave the stock an "overweight" rating in a research report on Thursday. One 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $13.00.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $10.41 on Friday. Cushman & Wakefield has a 12 month low of $7.64 and a 12 month high of $16.11. The stock's 50 day moving average is $9.58 and its 200-day moving average is $11.56. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 18.93 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 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. The company's revenue was up 4.6% compared to the same quarter last year. Equities research analysts expect that Cushman & Wakefield will post 1.2 EPS for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

A number of large investors have recently modified their holdings of the business. Strs Ohio acquired a new stake in shares of Cushman & Wakefield in the 1st quarter valued at $437,000. Focus Partners Wealth acquired a new stake in shares of Cushman & Wakefield in the 1st quarter valued at $218,000. Jane Street Group LLC boosted its holdings in shares of Cushman & Wakefield by 1,821.3% in the 1st quarter. Jane Street Group LLC now owns 279,397 shares of the company's stock valued at $2,855,000 after purchasing an additional 264,855 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Cushman & Wakefield in the 1st quarter valued at $139,000. Finally, Uniplan Investment Counsel Inc. boosted its holdings in shares of Cushman & Wakefield by 145.3% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 193,360 shares of the company's stock valued at $1,976,000 after purchasing an additional 114,543 shares in 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.

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