Cushman & Wakefield PLC (NYSE:CWK) Receives Average Rating of "Hold" from Analysts

Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.78.

Several analysts have issued reports on the company. Morgan Stanley set a $14.50 target price on Cushman & Wakefield and gave the company an "overweight" rating in a research report on Thursday, June 12th. JMP Securities initiated coverage on Cushman & Wakefield in a research report on Monday. They set a "market outperform" rating and a $15.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Citizens Jmp initiated coverage on Cushman & Wakefield in a report on Monday. They set a "strong-buy" rating and a $15.00 price objective for the company. Finally, Wall Street Zen lowered Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a report on Sunday.

Cushman & Wakefield Trading Up 1.8%

CWK stock traded up $0.21 during midday trading on Friday, reaching $11.79. 710,903 shares of the company traded hands, compared to its average volume of 1,953,512. Cushman & Wakefield has a 52-week low of $7.64 and a 52-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 has a 50 day moving average of $10.72 and a 200-day moving average of $10.97. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 17.07 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) 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 company had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. The company's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, sell-side analysts expect that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in shares of Cushman & Wakefield by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after purchasing an additional 806,684 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Cushman & Wakefield by 46.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company's stock valued at $134,573,000 after purchasing an additional 3,842,859 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Cushman & Wakefield by 4.1% in the first 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 during the last quarter. Victory Capital Management Inc. grew its position in shares of Cushman & Wakefield by 2.1% in the first quarter. Victory Capital Management Inc. now owns 9,380,276 shares of the company's stock valued at $95,866,000 after purchasing an additional 194,970 shares during the last quarter. Finally, Channing Capital Management LLC grew its position in shares of Cushman & Wakefield by 13.8% in the first quarter. Channing Capital Management LLC now owns 5,369,263 shares of the company's stock valued at $54,874,000 after purchasing an additional 649,705 shares during 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.