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

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

A number of other research analysts have also recently commented on the stock. Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, November 20th. 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. Citizens Jmp increased their price objective on Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Monday, November 3rd. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a report on Monday, February 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a report on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cushman & Wakefield has a consensus rating of “Moderate Buy” and a consensus target price of $18.61.

Cushman & Wakefield Trading Up 4.3%

Shares of CWK stock opened at $12.90 on Friday. The firm has a fifty day moving average of $15.98 and a 200-day moving average of $15.76. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 13.43 and a beta of 1.47. 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.

Hedge Funds Weigh In On Cushman & Wakefield

A number of large investors have recently modified their holdings of CWK. EverSource Wealth Advisors LLC increased its holdings in shares of Cushman & Wakefield by 126.7% in the second 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 in the last quarter. First Horizon Corp bought a new position in Cushman & Wakefield in the 3rd quarter valued at $32,000. Caitong International Asset Management Co. Ltd boosted its position in Cushman & Wakefield by 184.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock valued at $33,000 after buying an additional 1,318 shares during the last quarter. Quarry LP increased its stake in shares of Cushman & Wakefield by 4,473.5% in the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 2,192 shares during the period. Finally, Covestor Ltd raised its position in shares of Cushman & Wakefield by 4,217.7% during the fourth 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.

About Cushman & Wakefield

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.