Cushman & Wakefield (NYSE:CWK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Cushman & Wakefield (NYSE:CWKFree Report) had its target price increased by JPMorgan Chase & Co. from $14.00 to $17.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Separately, The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a research report on Friday, December 6th. They issued a “sell” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.25.

Get Our Latest Stock Report on Cushman & Wakefield

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $15.02 on Monday. The firm has a 50 day moving average of $14.07 and a 200-day moving average of $12.80. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 40.59 and a beta of 1.32. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. Cushman & Wakefield has a 52 week low of $9.24 and a 52 week high of $16.11.

Cushman & Wakefield (NYSE:CWKGet Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company posted $0.21 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Cushman & Wakefield will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC raised its stake in shares of Cushman & Wakefield by 61.4% in the second quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after purchasing an additional 2,080 shares during the last quarter. SummerHaven Investment Management LLC raised its position in Cushman & Wakefield by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company’s stock valued at $831,000 after buying an additional 1,395 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Cushman & Wakefield by 19.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 99,100 shares of the company’s stock valued at $1,031,000 after buying an additional 15,800 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Cushman & Wakefield by 25.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,660,205 shares of the company’s stock valued at $17,266,000 after acquiring an additional 340,355 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Cushman & Wakefield during the 2nd quarter worth $172,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Cushman & Wakefield

(Get Free Report)

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.

Further Reading

Analyst Recommendations for Cushman & Wakefield (NYSE:CWK)

Receive News & Ratings for Cushman & Wakefield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cushman & Wakefield and related companies with MarketBeat.com's FREE daily email newsletter.