Cushman & Wakefield plc (NYSE:CWK) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Cushman & Wakefield plc (NYSE:CWK - Get Free Report) have received a consensus rating of "Hold" from the seven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.93.

Several brokerages recently issued reports on CWK. Citigroup cut their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. The Goldman Sachs Group cut their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. Morgan Stanley cut their target price on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group cut their target price on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th.

Cushman & Wakefield Price Performance

Shares of CWK stock traded up $0.21 during trading on Friday, hitting $10.27. The company had a trading volume of 1,540,852 shares, compared to its average volume of 1,963,651. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The firm has a market capitalization of $2.38 billion, a P/E ratio of 18.67 and a beta of 1.43. The stock's 50-day moving average price is $9.43 and its 200 day moving average price is $11.74. Cushman & Wakefield has a one year low of $7.64 and a one year high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts expect that Cushman & Wakefield will post 1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CWK. Smartleaf Asset Management LLC lifted its stake in shares of Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after acquiring an additional 2,691 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Cushman & Wakefield by 26.5% in the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after acquiring an additional 928 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after acquiring an additional 6,431 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Cushman & Wakefield in the 1st quarter valued at $102,000. Finally, DRW Securities LLC bought a new position in shares of Cushman & Wakefield in the 1st quarter valued at $109,000. 95.56% of the stock is currently owned by institutional investors.

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.