Cushman & Wakefield (NYSE:CWK) Price Target Raised to $17.00 at JPMorgan Chase & Co.

Cushman & Wakefield (NYSE:CWK) had its price target raised by JPMorgan Chase & Co. from $14.00 to $17.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 14.32% from the company’s current price.

Separately, The Goldman Sachs Group began coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They set a “sell” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.25.

Cushman & Wakefield Stock Performance

CWK stock opened at $14.87 on Monday. The firm has a 50 day moving average of $14.07 and a two-hundred day moving average of $12.80. Cushman & Wakefield has a 12 month low of $9.24 and a 12 month high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 40.19 and a beta of 1.32.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company posted $0.21 EPS. Cushman & Wakefield’s revenue was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Cushman & Wakefield will post 0.88 EPS for the current fiscal year.

Institutional Trading of Cushman & Wakefield

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC increased its position in Cushman & Wakefield by 61.4% in the second quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after buying an additional 2,080 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Cushman & Wakefield by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company’s stock worth $831,000 after purchasing an additional 1,395 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Cushman & Wakefield by 19.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 99,100 shares of the company’s stock worth $1,031,000 after purchasing an additional 15,800 shares during the period. Bank of New York Mellon Corp grew its stake in Cushman & Wakefield by 25.8% in the second quarter. Bank of New York Mellon Corp now owns 1,660,205 shares of the company’s stock valued at $17,266,000 after purchasing an additional 340,355 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Cushman & Wakefield in the second quarter valued at approximately $172,000. 95.56% of the stock is currently owned by institutional investors.

About Cushman & Wakefield

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.