Cushman & Wakefield PLC (NYSE:CWK) Receives $17.88 Consensus Price Target from Brokerages

Cushman & Wakefield PLC (NYSE:CWK) has received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.5625.

CWK has been the topic of several analyst reports. Citigroup upgraded Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, November 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a research note on Friday. Barclays reiterated a “positive” rating and set a $19.00 price objective on shares of Cushman & Wakefield in a research note on Tuesday. JMP Securities set a $19.00 price objective on Cushman & Wakefield in a report on Monday, November 3rd. Finally, UBS Group upped their target price on shares of Cushman & Wakefield from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, October 10th.

Institutional Investors Weigh In On Cushman & Wakefield

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 1,321 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Cushman & Wakefield in the third quarter valued at $32,000. Quarry LP raised its holdings in shares of 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 buying an additional 2,192 shares during the last quarter. Community Bank N.A. acquired a new position in Cushman & Wakefield during the 3rd quarter worth about $45,000. Finally, Osaic Holdings Inc. grew its holdings in Cushman & Wakefield by 85.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock worth $48,000 after acquiring an additional 2,012 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Performance

CWK stock traded up $0.11 during midday trading on Friday, hitting $17.18. The stock had a trading volume of 1,447,130 shares, compared to its average volume of 1,270,634. Cushman & Wakefield has a 52 week low of $7.64 and a 52 week high of $17.33. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.39. The stock has a 50-day simple moving average of $16.08 and a 200 day simple moving average of $15.14. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 17.89 and a beta of 1.47.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. As a group, equities research analysts anticipate that Cushman & Wakefield will post 1.2 earnings per share 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.