Cushman & Wakefield PLC (NYSE:CWK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Cushman & Wakefield PLC (NYSE:CWK) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $18.0625.

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

Hedge Funds Weigh In On Cushman & Wakefield

Several institutional investors have recently made changes to their positions in CWK. EverSource Wealth Advisors LLC grew its stake in shares of Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after buying an additional 1,321 shares during the period. First Horizon Corp acquired a new position in Cushman & Wakefield during the 3rd quarter worth approximately $32,000. Aster Capital Management DIFC Ltd bought a new position in Cushman & Wakefield in the fourth quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd grew its stake in Cushman & Wakefield by 184.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock valued at $33,000 after acquiring an additional 1,318 shares during the period. Finally, Quarry LP grew its stake in Cushman & Wakefield by 4,473.5% in the third quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after acquiring an additional 2,192 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $12.48 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34. The firm’s fifty day simple moving average is $13.57 and its two-hundred day simple moving average is $15.20. Cushman & Wakefield has a 12 month low of $7.64 and a 12 month high of $17.40. The stock has a market capitalization of $2.89 billion, a P/E ratio of 32.83 and a beta of 1.49.

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

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.