Cushman & Wakefield plc (NYSE:CWK) Receives $14.40 Average PT from Brokerages

Shares of Cushman & Wakefield plc (NYSE:CWK) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.10.

CWK has been the topic of a number of research reports. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their price target for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. Citigroup reduced their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday. The Goldman Sachs Group decreased their price target on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th.

Cushman & Wakefield Stock Up 0.4 %

CWK stock opened at $10.51 on Monday. The company has a market capitalization of $2.41 billion, a P/E ratio of 19.10 and a beta of 1.40. The firm’s fifty day simple moving average is $12.43 and its 200-day simple moving average is $13.23. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. Cushman & Wakefield has a 12 month low of $9.24 and a 12 month high of $16.11.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. As a group, equities research analysts forecast that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vestcor Inc lifted its holdings in shares of Cushman & Wakefield by 316.7% in the fourth quarter. Vestcor Inc now owns 70,529 shares of the company’s stock worth $923,000 after buying an additional 53,602 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Cushman & Wakefield in the fourth quarter worth $318,000. Channing Capital Management LLC purchased a new stake in shares of Cushman & Wakefield in the 4th quarter worth about $61,732,000. Geode Capital Management LLC lifted its position in Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after acquiring an additional 395,652 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after purchasing an additional 2,691 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.