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

Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) has earned an average rating of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.00.

A number of analysts recently issued reports on CWK shares. Wall Street Zen downgraded shares of Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 22nd. Citigroup decreased their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. JPMorgan Chase & Co. decreased their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. UBS Group reduced their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, The Goldman Sachs Group reduced their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th.

Hedge Funds Weigh In On Cushman & Wakefield

Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of Cushman & Wakefield by 264.3% in the fourth 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 period. Sterling Capital Management LLC boosted its position in shares of Cushman & Wakefield by 820.3% in the fourth 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 period. EP Wealth Advisors LLC bought a new position in shares of Cushman & Wakefield in the first quarter valued at approximately $102,000. Ieq Capital LLC bought a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $135,000. Finally, DRW Securities LLC bought a new position in shares of Cushman & Wakefield in the first quarter valued at approximately $109,000. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Up 1.7%

Shares of CWK stock traded up $0.19 on Wednesday, hitting $11.18. The stock had a trading volume of 4,173,585 shares, compared to its average volume of 1,966,352. The business has a 50 day moving average of $10.07 and a 200 day moving average of $11.24. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 16.20 and a beta of 1.43. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.18 and a quick ratio of 1.18. 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, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.70% and a return on equity of 13.50%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts expect that Cushman & Wakefield will post 1.2 EPS for the current year.

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.