Cushman & Wakefield (NYSE:CWK) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Cushman & Wakefield (NYSE:CWK) from a peer perform rating to an outperform rating in a research report released on Monday, MarketBeat reports. Wolfe Research currently has $19.00 price target on the stock.

Several other analysts have also commented on CWK. Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. JMP Securities set a $19.00 price target on Cushman & Wakefield in a research report on Monday, November 3rd. Zacks Research lowered shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Citigroup upgraded Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, November 20th. Finally, Citizens Jmp upped their price objective on shares of Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.61.

Cushman & Wakefield Trading Down 14.0%

NYSE:CWK opened at $13.94 on Monday. The firm has a market cap of $3.23 billion, a P/E ratio of 14.52 and a beta of 1.47. Cushman & Wakefield has a one year low of $7.64 and a one year high of $17.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50-day simple moving average of $16.16 and a 200-day simple moving average of $15.72.

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Cushman & Wakefield by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 12,740,993 shares of the company’s stock valued at $202,838,000 after acquiring an additional 280,136 shares in the last quarter. State Street Corp grew its position in Cushman & Wakefield by 0.9% during the 2nd quarter. State Street Corp now owns 9,010,052 shares of the company’s stock worth $99,741,000 after purchasing an additional 79,473 shares during the last quarter. Geode Capital Management LLC increased its position in Cushman & Wakefield by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock valued at $96,918,000 after acquiring an additional 29,832 shares during the period. Frontier Capital Management Co. LLC acquired a new stake in shares of Cushman & Wakefield during the second quarter worth $51,764,000. Finally, Channing Capital Management LLC purchased a new stake in shares of Cushman & Wakefield in the third quarter valued at about $55,665,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

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.