Citizens Jmp Forecasts Strong Price Appreciation for Cushman & Wakefield (NYSE:CWK) Stock

Cushman & Wakefield (NYSE:CWK) had its price target increased by equities research analysts at Citizens Jmp from $16.00 to $19.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price target suggests a potential upside of 21.58% from the stock’s previous close.

A number of other research analysts also recently weighed in on CWK. Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, October 8th. UBS Group lifted their target price on shares of Cushman & Wakefield from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. The Goldman Sachs Group raised shares of Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price objective on the stock in a research note on Friday, August 8th. Wall Street Zen raised shares of Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Cushman & Wakefield has an average rating of “Moderate Buy” and a consensus target price of $16.63.

Cushman & Wakefield Price Performance

CWK stock opened at $15.63 on Monday. The company’s fifty day simple moving average is $16.01 and its 200 day simple moving average is $12.96. Cushman & Wakefield has a 12-month low of $7.64 and a 12-month high of $17.33. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 16.28 and a beta of 1.56. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, analysts expect that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Insider Activity at Cushman & Wakefield

In other news, Director Angela Sun sold 6,800 shares of Cushman & Wakefield stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $16.02, for a total value of $108,936.00. Following the completion of the transaction, the director owned 46,498 shares in the company, valued at approximately $744,897.96. The trade was a 12.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

A number of institutional investors and hedge funds have recently modified their holdings of CWK. Frontier Capital Management Co. LLC purchased a new position in shares of Cushman & Wakefield in the 2nd quarter worth approximately $51,764,000. Vaughan Nelson Investment Management L.P. boosted its holdings in Cushman & Wakefield by 46.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company’s stock valued at $134,573,000 after acquiring an additional 3,842,859 shares during the period. Deutsche Bank AG boosted its holdings in Cushman & Wakefield by 807.1% during 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 period. Balyasny Asset Management L.P. boosted its holdings in Cushman & Wakefield by 128.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after acquiring an additional 1,620,143 shares during the period. Finally, Nuveen LLC purchased a new position in Cushman & Wakefield during the 1st quarter valued at $11,086,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

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.