Morgan Stanley Raises Cushman & Wakefield (NYSE:CWK) Price Target to $14.50

Cushman & Wakefield (NYSE:CWK - Free Report) had its price objective raised by Morgan Stanley from $14.00 to $14.50 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

CWK has been the topic of several other research reports. The Goldman Sachs Group cut their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a report on Wednesday, March 19th. UBS Group lowered 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. Citigroup decreased their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. cut their target price 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $13.00.

Cushman & Wakefield Stock Down 3.0%

NYSE CWK traded down $0.33 during midday trading on Thursday, hitting $10.48. 53,457 shares of the company traded hands, compared to its average volume of 1,946,333. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The company has a market cap of $2.42 billion, a PE ratio of 19.03 and a beta of 1.43. Cushman & Wakefield has a 52 week low of $7.64 and a 52 week high of $16.11. The company's 50-day simple moving average is $9.53 and its 200-day simple moving average is $11.59.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm's revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts forecast that Cushman & Wakefield will post 1.2 earnings per share 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 company. Allspring Global Investments Holdings LLC acquired a new position in Cushman & Wakefield in the 4th quarter valued at $7,496,000. New York State Teachers Retirement System lifted its position in Cushman & Wakefield by 3.7% in the fourth quarter. New York State Teachers Retirement System now owns 119,198 shares of the company's stock valued at $1,559,000 after buying an additional 4,267 shares during the last quarter. Rhumbline Advisers boosted its stake in Cushman & Wakefield by 0.3% during the fourth quarter. Rhumbline Advisers now owns 714,630 shares of the company's stock worth $9,347,000 after buying an additional 1,958 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Cushman & Wakefield by 1.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company's stock valued at $1,974,000 after acquiring an additional 1,769 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Cushman & Wakefield by 579.8% in the 4th quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock valued at $16,952,000 after purchasing an additional 1,105,355 shares during the last quarter. Institutional investors and hedge funds 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.