Cushman & Wakefield PLC (NYSE:CWK) Receives Consensus Recommendation of "Moderate Buy" from Analysts

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 received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.3750.

CWK has been the subject of a number of recent research reports. Citizens Jmp initiated coverage on shares of Cushman & Wakefield in a research note on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price objective for the company. UBS Group increased their price objective on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. JMP Securities raised their target price on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Morgan Stanley set a $14.50 target price on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. Finally, Wall Street Zen upgraded shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th.

Cushman & Wakefield Stock Down 0.7%

CWK stock traded down $0.11 during trading hours on Thursday, reaching $14.80. 2,189,975 shares of the stock were exchanged, compared to its average volume of 2,572,211. The firm's 50-day moving average is $11.80 and its 200-day moving average is $10.98. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 16.82 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. Cushman & Wakefield has a 12 month low of $7.64 and a 12 month high of $16.11.

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

Institutional Investors Weigh In On Cushman & Wakefield

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

Cushman & Wakefield Company Profile

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.