Cushman & Wakefield PLC (NYSE:CWK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Cushman & Wakefield PLC (NYSE:CWK) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $18.6111.

CWK has been the topic of a number of research reports. Barclays reaffirmed a “positive” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a research note on Tuesday, January 13th. Zacks Research cut shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, November 20th. Citizens Jmp lifted their price target on Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st.

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds have recently made changes to their positions in CWK. Frontier Capital Management Co. LLC acquired a new position in Cushman & Wakefield during the second quarter worth $51,764,000. Channing Capital Management LLC bought a new stake in Cushman & Wakefield during the 3rd quarter worth about $55,665,000. Balyasny Asset Management L.P. boosted its stake in shares of Cushman & Wakefield by 128.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after buying an additional 1,620,143 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Cushman & Wakefield by 374.6% during the 3rd quarter. Millennium Management LLC now owns 1,716,049 shares of the company’s stock worth $27,320,000 after buying an additional 1,354,476 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Cushman & Wakefield by 486.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,117,297 shares of the company’s stock valued at $17,787,000 after acquiring an additional 926,664 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Price Performance

CWK opened at $16.33 on Thursday. The stock has a market cap of $3.78 billion, a P/E ratio of 17.01 and a beta of 1.47. Cushman & Wakefield has a 12 month low of $7.64 and a 12 month high of $17.40. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39. The company has a fifty day simple moving average of $16.20 and a 200 day simple moving average of $15.70.

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.