Analysts Set Cushman & Wakefield PLC (NYSE:CWK) Price Target at $14.38

Key Points

• Cushman & Wakefield PLC (NYSE:CWK) has received an average rating of "Moderate Buy" from analysts, with a target price of $14.3750 over the next year.
• Recent quarterly earnings showed the company reporting $0.30 EPS, surpassing expectations of $0.22, despite revenues falling short at $1.65 billion compared to anticipated $2.38 billion.
• Institutional investors have shown increased interest, with Vaughan Nelson Investment Management significantly boosting its stake by 46.2% in the latest quarter.

Shares of Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.3750.

CWK has been the topic of several recent research reports. UBS Group increased their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. 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. Wall Street Zen upgraded Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. JMP Securities increased their price target on Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group upgraded Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target on the stock in a report on Friday, August 8th.

Institutional Trading of Cushman & Wakefield

A number of hedge funds and other institutional investors have recently bought and sold shares of CWK. EverSource Wealth Advisors LLC boosted its position in Cushman & Wakefield by 126.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company's stock valued at $26,000 after purchasing an additional 1,321 shares in the last quarter. CENTRAL TRUST Co bought a new stake in Cushman & Wakefield during the second quarter valued at about $50,000. Nomura Asset Management Co. Ltd. boosted its position in Cushman & Wakefield by 48.7% during the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company's stock valued at $64,000 after purchasing an additional 1,900 shares in the last quarter. Sterling Capital Management LLC boosted its position in Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after purchasing an additional 6,431 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Cushman & Wakefield during the second quarter valued at about $98,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

Shares of CWK traded up $0.06 during mid-day trading on Thursday, hitting $14.84. 1,822,484 shares of the stock were exchanged, compared to its average volume of 2,091,991. The company has a market cap of $3.43 billion, a PE ratio of 16.86 and a beta of 1.50. Cushman & Wakefield has a 52-week low of $7.64 and a 52-week high of $16.11. The firm has a 50-day moving average of $11.80 and a two-hundred day moving average of $10.96. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $2.38 billion. During the same period in the prior year, the firm earned $0.20 EPS. The company's revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts predict that Cushman & Wakefield will post 1.2 earnings per share for the current year.

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.