Cushman & Wakefield plc (NYSE:CWK) Given Average Rating of “Hold” by Brokerages

Cushman & Wakefield plc (NYSE:CWK) has earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.42.

Several research analysts have weighed in on CWK shares. Raymond James boosted their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th.

Cushman & Wakefield Trading Down 1.0 %

CWK opened at $12.87 on Wednesday. Cushman & Wakefield has a fifty-two week low of $6.24 and a fifty-two week high of $13.78. The firm has a market capitalization of $2.95 billion, a PE ratio of 321.63 and a beta of 1.33. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50-day moving average is $12.22 and its 200 day moving average is $10.93.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the company earned $0.22 earnings per share. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. As a group, research analysts predict that Cushman & Wakefield will post 0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

Several large investors have recently modified their holdings of CWK. Vanguard Group Inc. raised its stake in shares of Cushman & Wakefield by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock valued at $301,126,000 after purchasing an additional 1,110,076 shares during the period. Victory Capital Management Inc. increased its position in shares of Cushman & Wakefield by 31.2% during the second quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock valued at $108,108,000 after buying an additional 2,469,831 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Cushman & Wakefield by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock worth $105,802,000 after buying an additional 1,910,212 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Cushman & Wakefield by 12.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 6,208,780 shares of the company’s stock valued at $64,571,000 after acquiring an additional 697,890 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Cushman & Wakefield by 18.8% during the first quarter. Janus Henderson Group PLC now owns 4,400,751 shares of the company’s stock valued at $46,032,000 after acquiring an additional 695,005 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

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.