Cushman & Wakefield (NYSE:CWK) Price Target Raised to $17.00 at JPMorgan Chase & Co.

Cushman & Wakefield (NYSE:CWK) had its target price upped by JPMorgan Chase & Co. from $14.00 to $17.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Separately, The Goldman Sachs Group initiated coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They set a “sell” rating and a $15.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Cushman & Wakefield presently has an average rating of “Hold” and an average price target of $15.25.

Cushman & Wakefield Stock Up 1.0 %

Shares of CWK opened at $15.02 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield has a 52 week low of $9.24 and a 52 week high of $16.11. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 40.59 and a beta of 1.32. The stock has a fifty day moving average of $14.07 and a 200-day moving average of $12.80.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. As a group, sell-side analysts anticipate that Cushman & Wakefield will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds have recently made changes to their positions in CWK. American Century Companies Inc. boosted its holdings in Cushman & Wakefield by 15.5% in the second quarter. American Century Companies Inc. now owns 327,018 shares of the company’s stock valued at $3,401,000 after acquiring an additional 43,941 shares during the last quarter. Algert Global LLC boosted its stake in shares of Cushman & Wakefield by 821.0% in the 2nd quarter. Algert Global LLC now owns 698,944 shares of the company’s stock valued at $7,269,000 after purchasing an additional 623,054 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Cushman & Wakefield during the third quarter worth $4,942,000. Natixis Advisors LLC lifted its holdings in Cushman & Wakefield by 8.9% in the second quarter. Natixis Advisors LLC now owns 1,156,834 shares of the company’s stock valued at $12,031,000 after buying an additional 94,502 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Cushman & Wakefield by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock valued at $54,187,000 after acquiring an additional 301,186 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.