Cushman & Wakefield plc (NYSE:CWK) Receives $14.40 Consensus Target Price from Analysts

Cushman & Wakefield plc (NYSE:CWK) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $14.10.

Several brokerages have recently commented on CWK. The Goldman Sachs Group dropped their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research note on Wednesday, March 19th. Citigroup dropped their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. increased their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd.

Cushman & Wakefield Stock Down 1.5 %

CWK stock opened at $10.42 on Monday. Cushman & Wakefield has a 12-month low of $9.24 and a 12-month high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 18.94 and a beta of 1.40. The company has a 50 day moving average of $12.37 and a two-hundred day moving average of $13.20.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities analysts anticipate that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of Cushman & Wakefield

A number of hedge funds have recently bought and sold shares of the stock. KBC Group NV raised its position in shares of Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after buying an additional 1,915 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Cushman & Wakefield by 10.5% in the 3rd quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock valued at $205,000 after acquiring an additional 1,421 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Cushman & Wakefield by 11.7% in the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock worth $153,000 after acquiring an additional 1,180 shares during the period. Natixis Advisors LLC grew its holdings in shares of Cushman & Wakefield by 46.7% during the 3rd quarter. Natixis Advisors LLC now owns 1,697,534 shares of the company’s stock worth $23,137,000 after purchasing an additional 540,700 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Cushman & Wakefield by 83.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after purchasing an additional 5,171,340 shares during the period. 95.56% of the stock is owned by institutional investors.

About Cushman & Wakefield

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.