Brokerages Set Cushman & Wakefield PLC (CWK) Price Target at $20.25

Cushman & Wakefield PLC (NYSE:CWK) has been given a consensus recommendation of “Buy” by the eleven analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.25.

A number of equities analysts have issued reports on the stock. JMP Securities assumed coverage on shares of Cushman & Wakefield in a research note on Monday, August 27th. They issued an “outperform” rating and a $20.50 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Cushman & Wakefield in a research note on Monday, August 27th. They issued an “overweight” rating and a $21.00 price objective on the stock. Goldman Sachs Group assumed coverage on shares of Cushman & Wakefield in a research note on Monday, August 27th. They issued a “buy” rating and a $20.00 price objective on the stock. Citigroup assumed coverage on shares of Cushman & Wakefield in a research note on Monday, August 27th. They issued a “neutral” rating and a $19.50 price objective on the stock. Finally, Barclays reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Cushman & Wakefield in a research note on Wednesday, October 17th.

CWK opened at $18.15 on Wednesday. Cushman & Wakefield has a one year low of $15.14 and a one year high of $19.45. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.88.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.27. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.91 billion. As a group, research analysts forecast that Cushman & Wakefield will post -1.01 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in CWK. JPMorgan Chase & Co. bought a new position in Cushman & Wakefield in the third quarter valued at approximately $166,972,000. FMR LLC acquired a new stake in Cushman & Wakefield in the third quarter worth $129,496,000. Vanguard Group Inc. acquired a new stake in Cushman & Wakefield in the third quarter worth $59,054,000. BlackRock Inc. acquired a new stake in Cushman & Wakefield in the third quarter worth $50,654,000. Finally, CI Investments Inc. acquired a new stake in Cushman & Wakefield in the third quarter worth $43,616,000. 26.19% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc provides commercial real estate services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

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Analyst Recommendations for Cushman & Wakefield (NYSE:CWK)

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