Cushman & Wakefield (NYSE:CWK) Price Target Raised to $17.00

Cushman & Wakefield (NYSE:CWK) had its price objective lifted by JPMorgan Chase & Co. from $14.00 to $17.00 in a research report released on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a report on Friday, December 6th. They set a “sell” rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.25.

Cushman & Wakefield Stock Down 8.5 %

Shares of NYSE CWK opened at $13.37 on Monday. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 36.14 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76. Cushman & Wakefield has a 12 month low of $9.24 and a 12 month high of $16.11. The stock has a 50-day moving average price of $14.16 and a two-hundred day moving average price of $12.86.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the company earned $0.21 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, analysts forecast that Cushman & Wakefield will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

Several institutional investors and hedge funds have recently added to or reduced their stakes in CWK. XTX Topco Ltd grew its stake in shares of Cushman & Wakefield by 4.8% in the third quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock worth $271,000 after purchasing an additional 903 shares during the last quarter. Empowered Funds LLC lifted its holdings in Cushman & Wakefield by 11.7% during the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock worth $153,000 after buying an additional 1,180 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Cushman & Wakefield by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company’s stock valued at $831,000 after buying an additional 1,395 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Cushman & Wakefield by 10.5% in the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock valued at $205,000 after buying an additional 1,421 shares during the period. Finally, Handelsbanken Fonder AB raised its position in shares of Cushman & Wakefield by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company’s stock worth $334,000 after acquiring an additional 1,500 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

About Cushman & Wakefield

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.