Zacks Investment Research Upgrades Cushman & Wakefield (CWK) to Hold

Zacks Investment Research upgraded shares of Cushman & Wakefield (NYSE:CWK) from a sell rating to a hold rating in a report issued on Wednesday morning.

According to Zacks, “Cushman & Wakefield plc is a real estate services firm. The Company acquires and develops commercial properties as well as provides property leasing, facilities management, tenant representation and valuation services. Cushman & Wakefield plc is based in Chicago, United States. “

Other analysts have also recently issued reports about the company. Barclays reiterated a buy rating and set a $19.00 price target on shares of Cushman & Wakefield in a research report on Wednesday, October 17th. UBS Group began coverage on Cushman & Wakefield in a research report on Friday, August 31st. They set a buy rating on the stock. Bank of America began coverage on Cushman & Wakefield in a research report on Monday, August 27th. They issued a buy rating and a $20.00 target price on the stock. Goldman Sachs Group began coverage on Cushman & Wakefield in a research report on Monday, August 27th. They issued a buy rating and a $20.00 target price on the stock. Finally, Citigroup began coverage on Cushman & Wakefield in a research report on Monday, August 27th. They issued a neutral rating and a $19.50 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $20.00.

Shares of Cushman & Wakefield stock opened at $16.61 on Wednesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.38 and a quick ratio of 1.38. Cushman & Wakefield has a twelve month low of $15.14 and a twelve month high of $19.45.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Tuesday, November 13th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.27. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, research analysts expect that Cushman & Wakefield will post -1.01 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of CWK. State of New Jersey Common Pension Fund D acquired a new stake in Cushman & Wakefield in the 3rd quarter valued at approximately $1,737,000. Strs Ohio acquired a new stake in Cushman & Wakefield in the 3rd quarter valued at approximately $220,000. Waratah Capital Advisors Ltd. acquired a new stake in Cushman & Wakefield in the 3rd quarter valued at approximately $9,586,000. Frontier Capital Management Co. LLC acquired a new stake in Cushman & Wakefield in the 3rd quarter valued at approximately $9,861,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in Cushman & Wakefield in the 3rd quarter valued at approximately $2,379,000. Hedge funds and other institutional investors own 26.19% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc provides commercial real estate services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

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