Cushman & Wakefield (NYSE:CWK) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Cushman & Wakefield (NYSE:CWK) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. JMP Securities set a $19.00 target price on Cushman & Wakefield in a research report on Monday, November 3rd. Morgan Stanley reissued an “overweight” rating and set a $19.00 target price on shares of Cushman & Wakefield in a report on Friday, January 16th. Barclays reaffirmed a “positive” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a research note on Tuesday, January 13th. Finally, Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, November 20th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.61.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $12.90 on Friday. Cushman & Wakefield has a 52 week low of $7.64 and a 52 week high of $17.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50-day simple moving average is $16.02 and its 200 day simple moving average is $15.73. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 13.43 and a beta of 1.47.

Institutional Investors Weigh In On Cushman & Wakefield

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after purchasing an additional 1,321 shares during the last quarter. First Horizon Corp bought a new position in shares of Cushman & Wakefield in the 3rd quarter valued at $32,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Cushman & Wakefield by 184.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock valued at $33,000 after acquiring an additional 1,318 shares in the last quarter. Quarry LP grew its position in Cushman & Wakefield by 4,473.5% during the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 2,192 shares during the last quarter. Finally, Covestor Ltd grew its position in Cushman & Wakefield by 4,217.7% during the 4th quarter. Covestor Ltd now owns 2,677 shares of the company’s stock worth $43,000 after acquiring an additional 2,615 shares during the last quarter. 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.