JPMorgan Chase & Co. Raises Cushman & Wakefield (NYSE:CWK) Price Target to $12.00

Cushman & Wakefield (NYSE:CWKFree Report) had its price objective raised by JPMorgan Chase & Co. from $11.00 to $12.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued reports about the stock. Wolfe Research reiterated a peer perform rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Jefferies Financial Group started coverage on shares of Cushman & Wakefield in a research note on Wednesday, April 10th. They issued a buy rating and a $13.00 price target for the company. Finally, Raymond James lowered shares of Cushman & Wakefield from a strong-buy rating to an outperform rating and set a $13.00 price target for the company. in a research note on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $11.58.

Check Out Our Latest Stock Analysis on CWK

Cushman & Wakefield Stock Up 1.7 %

Shares of Cushman & Wakefield stock opened at $10.87 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $2.49 billion, a PE ratio of 271.75 and a beta of 1.34. Cushman & Wakefield has a 52-week low of $6.24 and a 52-week high of $11.83. The company has a 50-day simple moving average of $10.35 and a two-hundred day simple moving average of $10.24.

Insiders Place Their Bets

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $11.00, for a total value of $188,078,011.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds have recently modified their holdings of CWK. Swiss National Bank lifted its holdings in shares of Cushman & Wakefield by 1.0% in the third quarter. Swiss National Bank now owns 349,400 shares of the company’s stock worth $2,662,000 after buying an additional 3,400 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cushman & Wakefield by 12.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,428,834 shares of the company’s stock worth $18,508,000 after buying an additional 276,622 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Cushman & Wakefield by 822.3% in the third quarter. Deutsche Bank AG now owns 648,593 shares of the company’s stock worth $4,942,000 after buying an additional 578,266 shares in the last quarter. Paralel Advisors LLC lifted its holdings in shares of Cushman & Wakefield by 1.3% in the third quarter. Paralel Advisors LLC now owns 181,657 shares of the company’s stock worth $1,384,000 after buying an additional 2,268 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Cushman & Wakefield by 37.4% in the third quarter. PNC Financial Services Group Inc. now owns 15,434 shares of the company’s stock worth $118,000 after buying an additional 4,201 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

About Cushman & Wakefield

(Get Free Report)

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.

Featured Articles

Analyst Recommendations for Cushman & Wakefield (NYSE:CWK)

Receive News & Ratings for Cushman & Wakefield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cushman & Wakefield and related companies with MarketBeat.com's FREE daily email newsletter.