Cushman & Wakefield PLC (NYSE:CWK) Receives Consensus Rating of “Moderate Buy” from Analysts

Cushman & Wakefield PLC (NYSE:CWK) has earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.5625.

CWK has been the topic of several research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $19.00 price objective on shares of Cushman & Wakefield in a research report on Friday, January 16th. Zacks Research lowered shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Barclays restated a “positive” rating and set a $19.00 price objective on shares of Cushman & Wakefield in a research report on Tuesday, January 13th. Citigroup upgraded Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, November 20th. Finally, Wolfe Research upgraded Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Monday, February 9th.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors have recently modified their holdings of the business. Frontier Capital Management Co. LLC acquired a new stake in Cushman & Wakefield in the 2nd quarter worth about $51,764,000. Channing Capital Management LLC bought a new position in shares of Cushman & Wakefield during the third quarter worth approximately $55,665,000. Balyasny Asset Management L.P. raised its position in shares of Cushman & Wakefield by 128.6% in the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after buying an additional 1,620,143 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of Cushman & Wakefield in the fourth quarter valued at approximately $23,982,000. Finally, Millennium Management LLC boosted its stake in shares of Cushman & Wakefield by 374.6% in the third quarter. Millennium Management LLC now owns 1,716,049 shares of the company’s stock valued at $27,320,000 after buying an additional 1,354,476 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $13.43 on Monday. Cushman & Wakefield has a 12-month low of $7.64 and a 12-month high of $17.40. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 35.34 and a beta of 1.49. The stock’s 50 day moving average price is $15.59 and its two-hundred day moving average price is $15.75. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.34.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the firm earned $0.48 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. On average, analysts anticipate that Cushman & Wakefield will post 1.2 earnings per share for the current year.

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.