Cushman & Wakefield PLC (NYSE:CWK) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Cushman & Wakefield PLC has received a consensus recommendation of "Moderate Buy" from eight analysts, with an average price target of $15.1250.
• Notable price target increases include JMP Securities raising it to $16.00 and Goldman Sachs lifting it to $17.50, reflecting positive market sentiment.
• The company reported earnings per share of $0.30 for the last quarter, surpassing estimates and showing a 7.2% increase in revenue compared to the same quarter last year.

Shares of Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $15.1250.

Several research firms have issued reports on CWK. JMP Securities increased their target price on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group raised shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target for the company in a research note on Friday, August 8th. Wall Street Zen raised shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. UBS Group boosted their price target 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 26th.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $16.57 on Monday. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $16.61. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $3.84 billion, a PE ratio of 18.83 and a beta of 1.52. The company's 50 day simple moving average is $13.27 and its two-hundred day simple moving average is $11.22.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its earnings results 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 net margin of 2.11% and a return on equity of 14.33%. 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 company posted $0.20 EPS. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts predict that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

A number of large investors have recently modified their holdings of the company. Frontier Capital Management Co. LLC purchased a new position in shares of Cushman & Wakefield during the second quarter worth approximately $51,764,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Cushman & Wakefield by 46.2% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company's stock worth $134,573,000 after acquiring an additional 3,842,859 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Cushman & Wakefield by 807.1% during the first quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock worth $19,112,000 after acquiring an additional 1,663,880 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Cushman & Wakefield by 128.6% during the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company's stock worth $31,876,000 after acquiring an additional 1,620,143 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Cushman & Wakefield by 54.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock worth $40,123,000 after acquiring an additional 1,084,940 shares in the last quarter. 95.56% of the stock is owned by hedge funds and other 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.

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