Cushman & Wakefield (CWK) Given Buy Rating at Barclays

Cushman & Wakefield (NYSE:CWK)‘s stock had its “buy” rating reaffirmed by equities research analysts at Barclays in a report released on Wednesday, October 17th. They currently have a $19.00 price target on the stock. Barclays’ price objective would suggest a potential upside of 7.34% from the stock’s previous close.

Other analysts have also issued research reports about the company. Bank of America started coverage on Cushman & Wakefield in a report on Monday, August 27th. They issued a “buy” rating and a $20.00 target price for the company. Goldman Sachs Group started coverage on Cushman & Wakefield in a report on Monday, August 27th. They issued a “buy” rating and a $20.00 target price for the company. UBS Group started coverage on Cushman & Wakefield in a report on Friday, August 31st. They issued a “buy” rating for the company. Citigroup started coverage on Cushman & Wakefield in a report on Monday, August 27th. They issued a “neutral” rating and a $19.50 target price for the company. Finally, Credit Suisse Group started coverage on Cushman & Wakefield in a report on Monday, August 27th. They issued an “outperform” rating and a $21.00 target price for the company. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.00.

Shares of CWK traded down $0.06 during trading hours on Wednesday, hitting $17.70. 212,200 shares of the company were exchanged, compared to its average volume of 856,359. The company has a debt-to-equity ratio of 6.81, a current ratio of 1.11 and a quick ratio of 1.11. Cushman & Wakefield has a one year low of $15.14 and a one year high of $19.45.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.97 billion. Cushman & Wakefield’s revenue was up 16.0% on a year-over-year basis. As a group, equities analysts expect that Cushman & Wakefield will post 1.37 EPS for the current year.

Several large investors have recently made changes to their positions in CWK. JPMorgan Chase & Co. purchased a new stake in shares of Cushman & Wakefield during the third quarter worth $166,972,000. FMR LLC purchased a new stake in shares of Cushman & Wakefield during the third quarter worth $129,496,000. BlackRock Inc. purchased a new stake in shares of Cushman & Wakefield during the third quarter worth $50,654,000. CI Investments Inc. purchased a new stake in shares of Cushman & Wakefield during the third quarter worth $43,616,000. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of Cushman & Wakefield during the third quarter worth $9,861,000. Institutional investors and hedge funds own 0.39% of the company’s stock.

About Cushman & Wakefield

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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Analyst Recommendations for Cushman & Wakefield (NYSE:CWK)

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