Cushman & Wakefield plc (NYSE:CWK) Receives Consensus Recommendation of “Hold” from Analysts

Cushman & Wakefield plc (NYSE:CWK) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.10.

CWK has been the subject of several recent analyst reports. The Goldman Sachs Group dropped their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. Citigroup dropped their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK opened at $10.42 on Monday. The business has a fifty day simple moving average of $12.37 and a 200 day simple moving average of $13.20. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 18.94 and a beta of 1.40. Cushman & Wakefield has a one year low of $9.24 and a one year high of $16.11.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. Sell-side analysts expect that Cushman & Wakefield will post 1.2 EPS for the current year.

Institutional Trading of Cushman & Wakefield

Several large investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Cushman & Wakefield during the fourth quarter worth $1,778,000. Jefferies Financial Group Inc. bought a new stake in shares of Cushman & Wakefield during the fourth quarter worth $2,498,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Cushman & Wakefield by 54.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company’s stock worth $40,123,000 after purchasing an additional 1,084,940 shares during the last quarter. Teza Capital Management LLC grew its holdings in shares of Cushman & Wakefield by 124.4% during the fourth quarter. Teza Capital Management LLC now owns 62,797 shares of the company’s stock worth $821,000 after purchasing an additional 34,807 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Cushman & Wakefield by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 69,020 shares of the company’s stock worth $903,000 after purchasing an additional 21,242 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.