Cushman & Wakefield (NYSE:CWK) Price Target Raised to $12.00

Cushman & Wakefield (NYSE:CWK) had its target price raised by UBS Group from $9.00 to $12.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also recently weighed in on CWK. Morgan Stanley set a $14.50 price objective on Cushman & Wakefield and gave the company an “overweight” rating in a research note on Thursday, June 12th. Wall Street Zen cut Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 22nd. The Goldman Sachs Group reduced their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, Citigroup reduced their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Cushman & Wakefield presently has a consensus rating of “Hold” and an average target price of $13.43.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $11.85 on Wednesday. The stock has a 50 day moving average price of $10.38 and a 200 day moving average price of $11.12. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 17.17 and a beta of 1.43. Cushman & Wakefield has a 52-week low of $7.64 and a 52-week high of $16.11.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. Cushman & Wakefield’s revenue for the quarter was up 4.6% compared to the same quarter last year. Research analysts predict that Cushman & Wakefield will post 1.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Cushman & Wakefield

Hedge funds have recently modified their holdings of the stock. Vestcor Inc lifted its holdings in shares of Cushman & Wakefield by 316.7% during the fourth quarter. Vestcor Inc now owns 70,529 shares of the company’s stock worth $923,000 after purchasing an additional 53,602 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth $1,003,000. JPMorgan Chase & Co. lifted its holdings in shares of Cushman & Wakefield by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company’s stock worth $179,204,000 after purchasing an additional 806,684 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth $318,000. Finally, Channing Capital Management LLC acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth $61,732,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.