Cushman & Wakefield plc (NYSE:CWK) Receives Consensus Rating of “Hold” from Brokerages

Cushman & Wakefield plc (NYSE:CWK) has earned an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $12.93.

CWK has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Cushman & Wakefield from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. UBS Group dropped their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. dropped their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Citigroup dropped their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, The Goldman Sachs Group dropped their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research report on Wednesday, March 19th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its holdings in shares of Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after purchasing an additional 2,691 shares in the last quarter. Blue Trust Inc. lifted its stake in Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after acquiring an additional 928 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Cushman & Wakefield by 820.3% in the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock worth $94,000 after acquiring an additional 6,431 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in Cushman & Wakefield in the first quarter worth approximately $102,000. Finally, Ieq Capital LLC purchased a new position in Cushman & Wakefield in the fourth quarter worth approximately $135,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $10.25 on Friday. Cushman & Wakefield has a 12-month low of $7.64 and a 12-month high of $16.11. The stock has a market cap of $2.37 billion, a P/E ratio of 18.63 and a beta of 1.43. The company has a 50-day moving average price of $9.43 and a 200 day moving average price of $11.69. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.26 billion. The firm’s revenue was up 4.6% on a year-over-year basis. Sell-side analysts anticipate that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Cushman & Wakefield Company Profile

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.