Brokerages Set Cushman & Wakefield plc (NYSE:CWK) Target Price at $13.50

Shares of Cushman & Wakefield plc (NYSE:CWK - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.75.

A number of brokerages recently weighed in on CWK. JPMorgan Chase & Co. dropped their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. UBS Group reduced their price target on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Citigroup cut their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. The Goldman Sachs Group dropped their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group downgraded shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and decreased their price objective for the company from $18.00 to $14.00 in a report on Thursday, January 2nd.

Cushman & Wakefield Stock Down 0.8 %

CWK traded down $0.07 during trading hours on Friday, hitting $8.17. 1,177,784 shares of the company's stock were exchanged, compared to its average volume of 2,079,051. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. Cushman & Wakefield has a 1-year low of $7.49 and a 1-year high of $16.11. The stock's 50-day moving average is $10.84 and its two-hundred day moving average is $12.68. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 14.85 and a beta of 1.26.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sell-side analysts predict that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

Several institutional investors and hedge funds have recently modified their holdings of the business. Vestcor Inc boosted its holdings in Cushman & Wakefield by 316.7% in the 4th quarter. Vestcor Inc now owns 70,529 shares of the company's stock valued at $923,000 after purchasing an additional 53,602 shares during the period. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Cushman & Wakefield in the fourth quarter valued at approximately $1,003,000. JPMorgan Chase & Co. grew its position in Cushman & Wakefield by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock worth $179,204,000 after buying an additional 806,684 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Cushman & Wakefield during the 4th quarter worth $318,000. Finally, Channing Capital Management LLC acquired a new position in Cushman & Wakefield in the 4th quarter valued at $61,732,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

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.