Citizens Jmp Forecasts Strong Price Appreciation for Cushman & Wakefield (NYSE:CWK) Stock

Cushman & Wakefield (NYSE:CWK) had its price objective raised by Citizens Jmp from $16.00 to $19.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price target would suggest a potential upside of 20.83% from the stock’s current price.

Several other analysts have also recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Cushman & Wakefield from $13.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. The Goldman Sachs Group upgraded Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 target price on the stock in a report on Friday, August 8th. Zacks Research upgraded Cushman & Wakefield from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Wall Street Zen upgraded Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cushman & Wakefield currently has an average rating of “Moderate Buy” and an average target price of $16.63.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $15.73 on Monday. The business has a 50 day moving average of $16.02 and a 200-day moving average of $12.86. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $17.33. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $3.64 billion, a P/E ratio of 16.38 and a beta of 1.56.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Cushman & Wakefield had a return on equity of 14.69% and a net margin of 2.23%.The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, equities research analysts predict that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Insider Activity

In other Cushman & Wakefield news, Director Angela Sun sold 6,800 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $16.02, for a total transaction of $108,936.00. Following the transaction, the director directly owned 46,498 shares in the company, valued at approximately $744,897.96. This represents a 12.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Cushman & Wakefield by 46.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company’s stock worth $134,573,000 after buying an additional 3,842,859 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Cushman & Wakefield by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,064,891 shares of the company’s stock worth $123,300,000 after buying an additional 478,484 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Cushman & Wakefield by 2.1% during the 1st quarter. Victory Capital Management Inc. now owns 9,380,276 shares of the company’s stock worth $95,866,000 after buying an additional 194,970 shares in the last quarter. State Street Corp raised its position in shares of Cushman & Wakefield by 0.9% during the second 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 period. Finally, Geode Capital Management LLC raised its position in shares of Cushman & Wakefield by 1.1% during the second quarter. Geode Capital Management LLC now owns 5,925,513 shares of the company’s stock worth $65,603,000 after purchasing an additional 62,582 shares during the period. 95.56% of the stock is currently owned by institutional investors.

About Cushman & Wakefield

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.