Cushman & Wakefield PLC (NYSE:CWK) Receives $18.56 Consensus PT from Brokerages

Shares of Cushman & Wakefield PLC (NYSE:CWK) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $18.5625.

CWK has been the topic of a number of recent research reports. Citizens Jmp raised their target price on Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a report on Monday, November 3rd. Zacks Research cut Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Barclays reiterated a “positive” rating and set a $19.00 price objective on shares of Cushman & Wakefield in a research note on Tuesday, January 13th. Finally, Morgan Stanley restated an “overweight” rating and set a $19.00 target price on shares of Cushman & Wakefield in a research note on Friday, January 16th.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK opened at $16.16 on Thursday. The firm has a 50 day moving average of $16.21 and a 200 day moving average of $15.64. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 16.83 and a beta of 1.47. Cushman & Wakefield has a 12-month low of $7.64 and a 12-month high of $17.40.

Institutional Trading of Cushman & Wakefield

Several institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Cushman & Wakefield by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,461 shares of the company’s stock valued at $174,000 after purchasing an additional 600 shares during the period. Nisa Investment Advisors LLC raised its position in Cushman & Wakefield by 12.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,201 shares of the company’s stock valued at $99,000 after purchasing an additional 667 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Cushman & Wakefield by 1.2% in the 3rd quarter. Amalgamated Bank now owns 66,655 shares of the company’s stock worth $1,061,000 after buying an additional 821 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Cushman & Wakefield by 18.3% in the 3rd quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock worth $89,000 after buying an additional 867 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Cushman & Wakefield by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,029 shares of the company’s stock worth $859,000 after buying an additional 900 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

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.