Wolfe Research Upgrades Cushman & Wakefield (NYSE:CWK) to Outperform

Cushman & Wakefield (NYSE:CWK) was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, Marketbeat reports. The firm currently has a $19.00 price target on the stock. Wolfe Research’s price objective suggests a potential upside of 17.07% from the stock’s previous close.

CWK has been the subject of several other reports. Citizens Jmp increased their price objective on Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a research report on Monday, November 3rd. Morgan Stanley restated an “overweight” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a research report on Friday, January 16th. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, November 20th. Zacks Research cut shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen lowered Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.61.

Cushman & Wakefield Trading Down 0.6%

Shares of NYSE:CWK opened at $16.23 on Monday. The company has a market cap of $3.76 billion, a P/E ratio of 16.91 and a beta of 1.47. The stock’s 50-day moving average is $16.20 and its 200-day moving average is $15.73. Cushman & Wakefield has a 52-week low of $7.64 and a 52-week high of $17.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.07 and a current ratio of 1.07.

Institutional Investors Weigh In On Cushman & Wakefield

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Cushman & Wakefield by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 12,740,993 shares of the company’s stock worth $202,838,000 after buying an additional 280,136 shares in the last quarter. State Street Corp raised its stake in Cushman & Wakefield by 0.9% during the second quarter. State Street Corp now owns 9,010,052 shares of the company’s stock worth $99,741,000 after acquiring an additional 79,473 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cushman & Wakefield by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock valued at $96,918,000 after acquiring an additional 29,832 shares during the period. Frontier Capital Management Co. LLC acquired a new stake in shares of Cushman & Wakefield in the 2nd quarter valued at $51,764,000. Finally, Channing Capital Management LLC bought a new stake in shares of Cushman & Wakefield in the 3rd quarter worth about $55,665,000. 95.56% of the stock is owned by institutional investors and hedge funds.

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.