Cushman & Wakefield PLC (NYSE:CWK) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Cushman & Wakefield PLC (NYSE:CWK) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $18.5625.

A number of equities analysts recently weighed in on the stock. Barclays reaffirmed a “positive” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a research note on Tuesday, January 13th. Zacks Research downgraded Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley restated an “overweight” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a research note on Friday, January 16th. Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price target for the company in a research note on Monday, February 9th. Finally, Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, November 20th.

Cushman & Wakefield Stock Down 3.0%

Shares of Cushman & Wakefield stock opened at $13.43 on Monday. The company has a market capitalization of $3.11 billion, a P/E ratio of 35.34 and a beta of 1.49. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50-day moving average of $15.59 and a two-hundred day moving average of $15.75. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $17.40.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Thursday, February 19th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.83 billion. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. As a group, equities analysts predict that Cushman & Wakefield will post 1.2 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its position in shares of Cushman & Wakefield by 22.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 25,106 shares of the company’s stock worth $406,000 after purchasing an additional 4,539 shares during the last quarter. Summit Global Investments acquired a new position in Cushman & Wakefield during the fourth quarter worth $1,213,000. Caitlin John LLC bought a new stake in Cushman & Wakefield during the fourth quarter worth $195,000. EP Wealth Advisors LLC acquired a new stake in Cushman & Wakefield in the fourth quarter valued at $466,000. Finally, XTX Topco Ltd grew its position in shares of Cushman & Wakefield by 50.6% in the 4th quarter. XTX Topco Ltd now owns 103,631 shares of the company’s stock valued at $1,678,000 after acquiring an additional 34,805 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

About Cushman & Wakefield

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.