Cushman & Wakefield (CWK) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Cushman & Wakefield (NYSE:CWK) from a hold rating to a buy rating in a report released on Monday. They currently have $18.00 target price on the stock.

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. “

Several other analysts also recently commented on the stock. Credit Suisse Group assumed coverage on shares of Cushman & Wakefield in a research report on Monday, August 27th. They issued an outperform rating and a $21.00 target price for the company. UBS Group assumed coverage on shares of Cushman & Wakefield in a research report on Friday, August 31st. They issued a buy rating for the company. Morgan Stanley assumed coverage on shares of Cushman & Wakefield in a research report on Monday, August 27th. They issued an overweight rating and a $21.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Cushman & Wakefield in a research report on Monday, August 27th. They issued an overweight rating and a $21.00 target price for the company. Finally, Barclays assumed coverage on shares of Cushman & Wakefield in a research report on Monday, August 27th. They issued an overweight rating and a $21.00 target price for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $20.00.

Shares of CWK opened at $16.40 on Monday. Cushman & Wakefield has a 52 week low of $15.14 and a 52 week high of $19.45. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 6.81.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Wednesday, September 5th. The company reported $0.46 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.46. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.97 billion. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts expect that Cushman & Wakefield will post 1.37 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of CWK. Frontier Capital Management Co. LLC bought a new stake in Cushman & Wakefield in the third quarter worth approximately $9,861,000. Waratah Capital Advisors Ltd. bought a new stake in Cushman & Wakefield in the third quarter worth approximately $9,586,000. Robeco Institutional Asset Management B.V. bought a new stake in Cushman & Wakefield in the third quarter worth approximately $2,379,000. State of New Jersey Common Pension Fund D bought a new stake in Cushman & Wakefield in the third quarter worth approximately $1,737,000. Finally, Strs Ohio bought a new stake in shares of Cushman & Wakefield during the 3rd quarter worth $220,000. 0.12% of the stock is owned by institutional investors.

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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