Raymond James Boosts Cushman & Wakefield (NYSE:CWK) Price Target to $16.00

Cushman & Wakefield (NYSE:CWK) had its price target boosted by stock analysts at Raymond James from $14.00 to $16.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 20.85% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Cushman & Wakefield from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, June 21st. Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group assumed coverage on Cushman & Wakefield in a research note on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.08.

Cushman & Wakefield Price Performance

CWK stock traded up $0.80 during mid-day trading on Thursday, hitting $13.24. The stock had a trading volume of 1,724,899 shares, compared to its average volume of 2,296,725. The firm has a fifty day simple moving average of $11.00 and a 200 day simple moving average of $10.42. Cushman & Wakefield has a 52 week low of $6.24 and a 52 week high of $13.35. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $3.03 billion, a P/E ratio of 332.50 and a beta of 1.33.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Cushman & Wakefield

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. boosted its holdings in Cushman & Wakefield by 580.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,510,890 shares of the company’s stock valued at $57,644,000 after acquiring an additional 4,701,460 shares during the last quarter. Norges Bank bought a new stake in shares of Cushman & Wakefield in the 4th quarter valued at $18,742,000. Vanguard Group Inc. increased its position in shares of Cushman & Wakefield by 4.0% during the first quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock worth $301,126,000 after buying an additional 1,110,076 shares during the period. Dimensional Fund Advisors LP raised its stake in Cushman & Wakefield by 13.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,073,848 shares of the company’s stock worth $76,400,000 after buying an additional 825,570 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Cushman & Wakefield by 18.8% in the first quarter. Janus Henderson Group PLC now owns 4,400,751 shares of the company’s stock valued at $46,032,000 after buying an additional 695,005 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

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.