Cushman & Wakefield plc (NYSE:CWK) Receives $12.93 Average Price Target from Brokerages

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

CWK has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective 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. reduced their target price on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group reduced their price target 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. UBS Group lowered their price objective on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Citigroup reduced 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.

Cushman & Wakefield Trading Down 0.1 %

NYSE:CWK traded down $0.01 during midday trading on Tuesday, reaching $10.23. 1,910,928 shares of the stock traded hands, compared to its average volume of 2,149,551. The company has a fifty day moving average of $9.66 and a 200 day moving average of $12.21. Cushman & Wakefield has a 12 month low of $7.64 and a 12 month high of $16.11. The stock has a market capitalization of $2.37 billion, a P/E ratio of 18.60 and a beta of 1.37. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15.

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 for the quarter, beating the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. Cushman & Wakefield's revenue was up 4.6% on a year-over-year basis. On average, research analysts predict that Cushman & Wakefield will post 1.2 EPS for the current year.

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds have recently made changes to their positions in the business. Deutsche Bank AG increased its holdings in Cushman & Wakefield by 807.1% in the 1st quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock valued at $19,112,000 after acquiring an additional 1,663,880 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Cushman & Wakefield in the first quarter worth approximately $338,000. XTX Topco Ltd lifted its position in shares of Cushman & Wakefield by 351.9% during the first quarter. XTX Topco Ltd now owns 70,785 shares of the company's stock worth $723,000 after purchasing an additional 55,121 shares during the last quarter. Federated Hermes Inc. boosted its position in Cushman & Wakefield by 1.6% in the 1st quarter. Federated Hermes Inc. now owns 393,549 shares of the company's stock valued at $4,022,000 after buying an additional 6,256 shares during the period. Finally, Knights of Columbus Asset Advisors LLC grew its stake in Cushman & Wakefield by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 78,751 shares of the company's stock worth $805,000 after purchasing an additional 2,070 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.