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

Shares of Cushman & Wakefield PLC (NYSE:CWK) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $18.0625.

CWK has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. 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 report on Monday, February 9th. Barclays reduced their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $19.00 target price on shares of Cushman & Wakefield in a research note on Friday, January 16th.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $12.06 on Friday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 31.73 and a beta of 1.49. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $17.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a fifty day moving average price of $14.05 and a 200-day moving average price of $15.35.

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

Institutional Trading of Cushman & Wakefield

Several large investors have recently bought and sold shares of CWK. EverSource Wealth Advisors LLC raised its stake in Cushman & Wakefield by 126.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,321 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Cushman & Wakefield in the 3rd quarter valued at approximately $32,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Cushman & Wakefield in the 4th quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd grew 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 purchasing an additional 1,318 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Cushman & Wakefield by 4,473.5% during the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 2,192 shares during the last quarter. 95.56% of the stock is 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.