Cushman & Wakefield PLC (NYSE:CWK) Receives Average Recommendation of “Moderate Buy” from Brokerages

Cushman & Wakefield PLC (NYSE:CWK) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $18.5625.

CWK has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $19.00 price objective on shares of Cushman & Wakefield in a research report on Friday, January 16th. Zacks Research downgraded shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, November 20th. Finally, Citizens Jmp increased their price objective on shares of Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Monday, November 3rd.

Cushman & Wakefield Stock Performance

CWK stock opened at $15.32 on Thursday. The firm has a market cap of $3.55 billion, a PE ratio of 15.96 and a beta of 1.47. 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 moving average price of $16.26 and a 200-day moving average price of $15.58. Cushman & Wakefield has a 1-year low of $7.64 and a 1-year high of $17.40.

Institutional Investors Weigh In On Cushman & Wakefield

A number of hedge funds have recently added to or reduced their stakes in CWK. Dimensional Fund Advisors LP raised its position in shares of Cushman & Wakefield by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 12,740,993 shares of the company’s stock worth $202,838,000 after purchasing an additional 280,136 shares during the period. State Street Corp increased its stake in Cushman & Wakefield by 0.9% during the 2nd quarter. State Street Corp now owns 9,010,052 shares of the company’s stock valued at $99,741,000 after purchasing an additional 79,473 shares in the last quarter. Geode Capital Management LLC raised its holdings in Cushman & Wakefield by 1.1% during the second quarter. Geode Capital Management LLC now owns 5,925,513 shares of the company’s stock worth $65,603,000 after buying an additional 62,582 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new position in Cushman & Wakefield during the second quarter worth $51,764,000. Finally, Channing Capital Management LLC bought a new position in shares of Cushman & Wakefield in the third quarter valued at $55,665,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

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.