Brokerages Set Cushman & Wakefield PLC (NYSE:CWK) Target Price at $18.56

Shares of Cushman & Wakefield PLC (NYSE:CWK) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.5625.

Several research firms have issued reports on CWK. Barclays reaffirmed a “positive” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a report on Tuesday, January 13th. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, November 20th. Wall Street Zen cut Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Finally, Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Monday, February 9th.

Cushman & Wakefield Trading Down 4.7%

Cushman & Wakefield stock opened at $12.63 on Monday. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $17.40. The firm’s 50 day moving average price is $15.26 and its 200-day moving average price is $15.69. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $2.93 billion, a P/E ratio of 33.24 and a beta of 1.49.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. Cushman & Wakefield’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share. On average, equities analysts predict that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cushman & Wakefield

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Cushman & Wakefield by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,850,956 shares of the company’s stock valued at $208,062,000 after purchasing an additional 109,963 shares during the last quarter. State Street Corp lifted its holdings in Cushman & Wakefield by 2.2% during the 4th quarter. State Street Corp now owns 9,138,118 shares of the company’s stock worth $147,946,000 after buying an additional 197,430 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Cushman & Wakefield by 23.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock worth $105,549,000 after acquiring an additional 1,233,055 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Cushman & Wakefield by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock valued at $96,918,000 after purchasing an additional 29,832 shares during the period. Finally, Channing Capital Management LLC boosted its position in Cushman & Wakefield by 46.0% during the 4th quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock worth $82,662,000 after acquiring an additional 1,609,190 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

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.