Cushman & Wakefield (NYSE:CWK) Given New $14.50 Price Target at Morgan Stanley

Cushman & Wakefield (NYSE:CWK) had its target price upped by Morgan Stanley from $14.00 to $14.50 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their price target on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. UBS Group decreased their price target on Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a report 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 report on Wednesday, March 19th. Finally, Citigroup reduced their target price on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Cushman & Wakefield Stock Up 1.3%

Shares of NYSE CWK opened at $10.79 on Thursday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 19.62 and a beta of 1.43. 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 business has a 50-day moving average of $9.53 and a two-hundred day moving average of $11.59. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $16.11.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts forecast that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of Cushman & Wakefield

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after purchasing an additional 2,691 shares during the last quarter. Sterling Capital Management LLC raised its stake in Cushman & Wakefield by 820.3% during the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock valued at $94,000 after acquiring an additional 6,431 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Cushman & Wakefield during the 1st quarter valued at approximately $102,000. Ieq Capital LLC purchased a new stake in Cushman & Wakefield during the 4th quarter valued at approximately $135,000. Finally, DRW Securities LLC purchased a new stake in Cushman & Wakefield during the 1st quarter valued at approximately $109,000. 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.