Cushman & Wakefield (NYSE:CWK) Price Target Raised to $19.00

Cushman & Wakefield (NYSE:CWK) had its price objective raised by The Goldman Sachs Group from $17.00 to $19.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on CWK. Morgan Stanley decreased their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Citigroup reaffirmed a “market outperform” rating on shares of Cushman & Wakefield in a report on Thursday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Tuesday, November 3rd. Barclays increased their target price on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Finally, Citizens Jmp reduced their target price on shares of Cushman & Wakefield from $19.00 to $16.00 and set a “market outperform” rating for the company in a research note on Thursday, October 22nd. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.86.

Cushman & Wakefield Stock Performance

NYSE:CWK traded down $0.18 during trading hours on Thursday, reaching $13.31. The stock had a trading volume of 2,468,091 shares, compared to its average volume of 3,470,596. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day simple moving average of $12.55 and a 200 day simple moving average of $13.28. Cushman & Wakefield has a 12-month low of $10.88 and a 12-month high of $17.40. The stock has a market cap of $3.12 billion, a P/E ratio of 45.89 and a beta of 1.53.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Wednesday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Cushman & Wakefield had a return on equity of 16.60% and a net margin of 0.63%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period in the previous year, the company posted $0.29 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. On average, research analysts forecast that Cushman & Wakefield will post 1.47 EPS for the current fiscal year.

Insider Activity at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 12,518 shares of Cushman & Wakefield stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $13.98, for a total value of $175,001.64. Following the completion of the transaction, the insider directly owned 45,858 shares in the company, valued at approximately $641,094.84. The trade was a 21.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CWK. Versant Capital Management Inc boosted its stake in shares of Cushman & Wakefield by 21.7% during the second quarter. Versant Capital Management Inc now owns 4,464 shares of the company’s stock valued at $60,000 after purchasing an additional 795 shares during the period. Cetera Investment Advisers grew its holdings in shares of Cushman & Wakefield by 1.8% in the first quarter. Cetera Investment Advisers now owns 49,108 shares of the company’s stock worth $602,000 after purchasing an additional 876 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Cushman & Wakefield by 18.4% in the third quarter. Farther Finance Advisors LLC now owns 7,629 shares of the company’s stock worth $90,000 after purchasing an additional 1,188 shares during the last quarter. AlphaCore Capital LLC increased its stake in shares of Cushman & Wakefield by 12.7% in the third quarter. AlphaCore Capital LLC now owns 11,344 shares of the company’s stock worth $134,000 after buying an additional 1,275 shares during the period. Finally, Park Avenue Securities LLC increased its stake in shares of Cushman & Wakefield by 2.1% in the third quarter. Park Avenue Securities LLC now owns 64,214 shares of the company’s stock worth $758,000 after buying an additional 1,335 shares during the period. Institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a global commercial real estate services firm that advises property owners, occupiers, investors and developers. Its services include leasing and sales brokerage, capital markets, property and facilities management, valuation, project management and real estate consulting. The company serves clients across the Americas, Europe, the Middle East and Africa, and Asia-Pacific. Its history traces back to Cushman & Wakefield’s founding in 1917, and the current company took shape in 2015 following the combination of Cushman & Wakefield and DTZ.