UBS Group Increases Cushman & Wakefield (NYSE:CWK) Price Target to $12.00

Cushman & Wakefield (NYSE:CWK - Get Free Report) had its price target hoisted by investment analysts at UBS Group from $9.00 to $12.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price objective indicates a potential upside of 1.27% from the stock's previous close.

CWK has been the subject of a number of other research reports. Morgan Stanley set a $14.50 price objective on Cushman & Wakefield and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Citigroup lowered their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. The Goldman Sachs Group cut their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Wall Street Zen lowered shares of Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $13.43.

Cushman & Wakefield Price Performance

Shares of CWK traded up $0.20 during mid-day trading on Wednesday, reaching $11.85. The stock had a trading volume of 1,103,348 shares, compared to its average volume of 1,956,798. The business has a fifty day moving average of $10.32 and a 200 day moving average of $11.14. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 17.17 and a beta of 1.43. 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 released its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating 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 company had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. The company's revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts predict that Cushman & Wakefield will post 1.2 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Xponance Inc. lifted its position in Cushman & Wakefield by 9.4% during the fourth quarter. Xponance Inc. now owns 16,484 shares of the company's stock valued at $216,000 after purchasing an additional 1,423 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its position in shares of Cushman & Wakefield by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 78,751 shares of the company's stock valued at $805,000 after buying an additional 2,070 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Cushman & Wakefield by 18.1% in the 1st quarter. Vident Advisory LLC now owns 17,310 shares of the company's stock valued at $177,000 after acquiring an additional 2,656 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Cushman & Wakefield by 3.1% in the 1st quarter. Yousif Capital Management LLC now owns 89,757 shares of the company's stock valued at $917,000 after acquiring an additional 2,686 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position 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 in the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

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.