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

Shares of Cushman & Wakefield PLC (NYSE:CWK) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.0625.

A number of brokerages have issued reports on CWK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price target on the stock in a research note on Monday, February 9th. Morgan Stanley restated an “overweight” rating and set a $19.00 price target on shares of Cushman & Wakefield in a report on Friday, January 16th. Barclays lowered their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Finally, Wall Street Zen downgraded shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $12.06 on Friday. The firm’s fifty day moving average price is $14.05 and its two-hundred day moving average price is $15.35. The stock has a market cap of $2.80 billion, a PE ratio of 31.73 and a beta of 1.49. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.10 and a current ratio of 1.10. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.54 EPS for the quarter, beating 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 company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the company earned $0.48 EPS. Cushman & Wakefield’s revenue was up 10.8% compared to the same quarter last year. On average, equities analysts expect that Cushman & Wakefield will post 1.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds have recently modified their holdings of the business. Knights of Columbus Asset Advisors LLC raised its position in Cushman & Wakefield by 135.6% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 180,645 shares of the company’s stock worth $2,876,000 after purchasing an additional 103,968 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Cushman & Wakefield by 30.2% in the 3rd quarter. Federated Hermes Inc. now owns 897,293 shares of the company’s stock valued at $14,285,000 after buying an additional 208,129 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Cushman & Wakefield by 486.1% in the third quarter. New York State Common Retirement Fund now owns 1,117,297 shares of the company’s stock valued at $17,787,000 after buying an additional 926,664 shares during the period. Channing Capital Management LLC acquired a new stake in shares of Cushman & Wakefield in the third quarter valued at about $55,665,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Cushman & Wakefield during the third quarter worth about $7,558,000. 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.