Cushman & Wakefield PLC (CWK) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Cushman & Wakefield PLC (NYSE:CWK) have received a consensus rating of “Buy” from the eleven research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.00.

Several brokerages have issued reports on CWK. JMP Securities began coverage on shares of Cushman & Wakefield in a research report on Monday, August 27th. They issued an “outperform” rating and a $20.50 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Cushman & Wakefield in a research report on Monday, August 27th. They issued an “overweight” rating and a $21.00 price objective for the company. Goldman Sachs Group initiated coverage on shares of Cushman & Wakefield in a research report on Monday, August 27th. They set a “buy” rating and a $20.00 price target for the company. Citigroup initiated coverage on shares of Cushman & Wakefield in a research report on Monday, August 27th. They set a “neutral” rating and a $19.50 price target for the company. Finally, Barclays reissued a “buy” rating and set a $19.00 price target on shares of Cushman & Wakefield in a research report on Wednesday, October 17th.

Several hedge funds have recently added to or reduced their stakes in the company. Dean Capital Investments Management LLC acquired a new stake in shares of Cushman & Wakefield during the third quarter worth approximately $572,000. FMR LLC acquired a new stake in shares of Cushman & Wakefield during the third quarter worth approximately $129,496,000. American International Group Inc. acquired a new stake in shares of Cushman & Wakefield during the third quarter worth approximately $512,000. BlackRock Inc. acquired a new stake in shares of Cushman & Wakefield during the third quarter worth approximately $50,654,000. Finally, CI Investments Inc. acquired a new stake in shares of Cushman & Wakefield during the third quarter worth approximately $43,616,000. 0.39% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CWK opened at $17.70 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 6.81. Cushman & Wakefield has a 52-week low of $15.14 and a 52-week high of $19.45.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Wednesday, September 5th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.97 billion. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts anticipate that Cushman & Wakefield will post 1.37 EPS for the current fiscal year.

About Cushman & Wakefield

Cushman & Wakefield plc provides commercial real estate services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

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Analyst Recommendations for Cushman & Wakefield (NYSE:CWK)

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