Cushman & Wakefield plc (NYSE:CWK) Receives Consensus Rating of "Hold" from Brokerages

Cushman & Wakefield plc (NYSE:CWK - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.93.

A number of research firms recently commented 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 for the company in a research note on Thursday, April 10th. UBS Group cut their target price on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group decreased their price target 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 price objective on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Citigroup lowered their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, March 17th.

Cushman & Wakefield Price Performance

CWK stock opened at $10.02 on Tuesday. Cushman & Wakefield has a 52 week low of $7.64 and a 52 week high of $16.11. The firm has a market capitalization of $2.32 billion, a P/E ratio of 18.22 and a beta of 1.37. The company has a fifty day simple moving average of $9.79 and a two-hundred day simple moving average of $12.29. 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 (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business's revenue was up 4.6% compared to the same quarter last year. Analysts anticipate 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 hedge funds and other institutional investors have recently made changes to their positions in CWK. Smartleaf Asset Management LLC lifted its stake in Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock worth $48,000 after acquiring an additional 2,691 shares during the period. Blue Trust Inc. lifted its position 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 worth $60,000 after purchasing an additional 928 shares during the period. Sterling Capital Management LLC boosted its stake 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 valued at $94,000 after purchasing an additional 6,431 shares in the last quarter. Ieq Capital LLC purchased a new position in Cushman & Wakefield during the fourth quarter valued at approximately $135,000. Finally, Jones Financial Companies Lllp raised its stake in Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after buying an additional 6,600 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

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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