Cushman & Wakefield (NYSE:CWK) Rating Increased to Outperform at Wolfe Research

Wolfe Research upgraded shares of Cushman & Wakefield (NYSE:CWK) from a peer perform rating to an outperform rating in a research note released on Monday morning, Marketbeat reports. Wolfe Research currently has $19.00 price objective on the stock.

A number of other research firms have also recently weighed in on CWK. Morgan Stanley reaffirmed an “overweight” rating and issued a $19.00 price objective on shares of Cushman & Wakefield in a report on Friday, January 16th. Zacks Research lowered shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Citizens Jmp increased their price objective on Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a report on Monday, November 3rd. Finally, JMP Securities set a $19.00 target price on Cushman & Wakefield in a research note on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.61.

Cushman & Wakefield Price Performance

Shares of CWK opened at $16.33 on Monday. Cushman & Wakefield has a 12 month low of $7.64 and a 12 month high of $17.40. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a fifty day moving average price of $16.20 and a 200 day moving average price of $15.70. The company has a market cap of $3.78 billion, a P/E ratio of 17.01 and a beta of 1.47.

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after buying an additional 1,321 shares during the period. First Horizon Corp acquired a new stake in Cushman & Wakefield in the 3rd quarter valued at about $32,000. Quarry LP lifted its holdings in Cushman & Wakefield by 4,473.5% in the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after acquiring an additional 2,192 shares during the last quarter. Covestor Ltd boosted its position in shares of Cushman & Wakefield by 4,217.7% during the 4th quarter. Covestor Ltd now owns 2,677 shares of the company’s stock valued at $43,000 after purchasing an additional 2,615 shares in the last quarter. Finally, Community Bank N.A. acquired a new position in shares of Cushman & Wakefield in the 3rd quarter worth approximately $45,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.