JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Cushman & Wakefield (NYSE:CWK) Stock

Cushman & Wakefield (NYSE:CWK) had its target price raised by equities researchers at JPMorgan Chase & Co. from $14.00 to $17.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 16.32% from the company’s previous close.

Separately, The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a research report on Friday, December 6th. They issued a “sell” rating and a $15.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.25.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $14.62 on Monday. The stock has a market capitalization of $3.35 billion, a P/E ratio of 39.57 and a beta of 1.32. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield has a 1 year low of $9.24 and a 1 year high of $16.11. The company’s fifty day moving average is $14.12 and its two-hundred day moving average is $12.83.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, sell-side analysts predict that Cushman & Wakefield will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in Cushman & Wakefield by 87.1% in the third quarter. Franklin Resources Inc. now owns 319,718 shares of the company’s stock valued at $3,993,000 after acquiring an additional 148,813 shares in the last quarter. Geode Capital Management LLC boosted its position in Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after purchasing an additional 395,652 shares during the period. Barclays PLC grew its position in shares of Cushman & Wakefield by 322.6% during the third quarter. Barclays PLC now owns 394,327 shares of the company’s stock worth $5,374,000 after acquiring an additional 301,017 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Cushman & Wakefield by 4.8% during the third quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock valued at $271,000 after buying an additional 903 shares during the last quarter. Finally, Wolverine Trading LLC bought a new position in Cushman & Wakefield in the 3rd quarter worth approximately $165,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.