Cushman & Wakefield plc (NYSE:CWK) Given Consensus Recommendation of “Hold” by Analysts

Shares of Cushman & Wakefield plc (NYSE:CWK) have been given an average rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.40.

CWK has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their price target for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group dropped their price objective on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a report on Friday, February 21st. Finally, Citigroup cut their target price 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.

Hedge Funds Weigh In On Cushman & Wakefield

A number of institutional investors have recently modified their holdings of CWK. XTX Topco Ltd increased its stake in shares of Cushman & Wakefield by 4.8% during the 3rd quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock valued at $271,000 after acquiring an additional 903 shares during the last quarter. Blue Trust Inc. increased its position in Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after purchasing an additional 928 shares during the last quarter. Empowered Funds LLC increased its position in Cushman & Wakefield by 11.7% during the third quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock worth $153,000 after purchasing an additional 1,180 shares during the last quarter. CIBC Asset Management Inc raised its stake in Cushman & Wakefield by 10.5% during the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock worth $205,000 after purchasing an additional 1,421 shares during the period. Finally, Xponance Inc. boosted its holdings in shares of Cushman & Wakefield by 9.4% in the 4th quarter. Xponance Inc. now owns 16,484 shares of the company’s stock valued at $216,000 after purchasing an additional 1,423 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 0.1 %

Shares of CWK traded up $0.02 during midday trading on Monday, reaching $10.71. The company had a trading volume of 1,852,422 shares, compared to its average volume of 1,934,653. The firm has a 50 day simple moving average of $12.54 and a 200-day simple moving average of $13.28. 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 stock has a market cap of $2.46 billion, a PE ratio of 19.46 and a beta of 1.40. Cushman & Wakefield has a 1-year low of $9.24 and a 1-year high of $16.11.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Research analysts forecast that Cushman & Wakefield will post 1.2 EPS for the current fiscal 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.