Cushman & Wakefield (NYSE:CWK) Upgraded by Wolfe Research to “Outperform” Rating

Cushman & Wakefield (NYSE:CWK) was upgraded by equities researchers at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued on Monday, MarketBeat Ratings reports. The brokerage presently has a $19.00 target price on the stock. Wolfe Research’s target price would suggest a potential upside of 17.81% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Zacks Research cut shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, November 20th. JMP Securities set a $19.00 target price on shares of Cushman & Wakefield in a research note on Monday, November 3rd. Barclays restated a “positive” rating and set a $19.00 price target on shares of Cushman & Wakefield in a research note on Tuesday, January 13th. Finally, Wall Street Zen downgraded Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.61.

Cushman & Wakefield Stock Performance

CWK traded down $0.03 during midday trading on Monday, reaching $16.13. The company’s stock had a trading volume of 131,748 shares, compared to its average volume of 1,509,793. 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 company has a fifty day simple moving average of $16.21 and a 200 day simple moving average of $15.67. The stock has a market cap of $3.74 billion, a P/E ratio of 16.72 and a beta of 1.47. Cushman & Wakefield has a twelve month low of $7.64 and a twelve month high of $17.40.

Institutional Investors Weigh In On Cushman & Wakefield

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Cushman & Wakefield by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 12,740,993 shares of the company’s stock valued at $202,838,000 after acquiring an additional 280,136 shares during the last quarter. State Street Corp grew its stake in shares of Cushman & Wakefield by 0.9% during the second quarter. State Street Corp now owns 9,010,052 shares of the company’s stock worth $99,741,000 after purchasing an additional 79,473 shares during the period. Geode Capital Management LLC lifted its stake in Cushman & Wakefield by 1.1% in the second quarter. Geode Capital Management LLC now owns 5,925,513 shares of the company’s stock valued at $65,603,000 after buying an additional 62,582 shares during the period. Frontier Capital Management Co. LLC bought a new position in Cushman & Wakefield during the second quarter worth about $51,764,000. Finally, Channing Capital Management LLC acquired a new position in shares of Cushman & Wakefield during the 3rd quarter worth about $55,665,000. Institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

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.