Cushman & Wakefield (NYSE:CWK) PT Set at $14.50 by Morgan Stanley

Cushman & Wakefield (NYSE:CWK) received a $14.50 price objective from analysts at Morgan Stanley in a report released on Thursday, Marketbeat reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 36.73% from the company’s previous close.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group dropped their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research note on Wednesday, March 19th. UBS Group decreased their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, Citigroup dropped their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cushman & Wakefield has a consensus rating of “Hold” and an average target price of $13.00.

Cushman & Wakefield Stock Up 1.9%

Shares of NYSE:CWK traded up $0.20 during trading on Thursday, hitting $10.61. The stock had a trading volume of 284,784 shares, compared to its average volume of 1,946,371. The company has a market capitalization of $2.45 billion, a PE ratio of 19.28 and a beta of 1.43. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The firm’s fifty day moving average is $9.58 and its 200 day moving average is $11.50. Cushman & Wakefield has a 12 month low of $7.64 and a 12 month high of $16.11.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts anticipate that Cushman & Wakefield will post 1.2 EPS for the current fiscal year.

Institutional Trading of Cushman & Wakefield

Several hedge funds have recently bought and sold shares of CWK. Smartleaf Asset Management LLC raised its stake in Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after acquiring an additional 2,691 shares during the period. Sterling Capital Management LLC boosted its holdings in Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock worth $94,000 after buying an additional 6,431 shares during the period. EP Wealth Advisors LLC purchased a new stake in Cushman & Wakefield in the 1st quarter worth $102,000. Ieq Capital LLC bought a new stake in Cushman & Wakefield during the fourth quarter valued at about $135,000. Finally, DRW Securities LLC purchased a new position in shares of Cushman & Wakefield in the first quarter valued at about $109,000. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.