ValuEngine Upgrades Cushman & Wakefield (NYSE:CWK) to “Buy”

ValuEngine upgraded shares of Cushman & Wakefield (NYSE:CWK) from a hold rating to a buy rating in a report released on Tuesday morning, ValuEngine reports.

CWK has been the topic of several other reports. Compass Point assumed coverage on shares of Cushman & Wakefield in a research note on Wednesday, July 10th. They issued a neutral rating on the stock. Zacks Investment Research downgraded shares of Cushman & Wakefield from a buy rating to a hold rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $20.11.

NYSE:CWK opened at $17.54 on Tuesday. Cushman & Wakefield has a one year low of $13.25 and a one year high of $20.62. The firm has a market capitalization of $3.77 billion and a P/E ratio of -16.09. The company has a fifty day moving average of $18.48. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.15 and a current ratio of 1.16.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. Cushman & Wakefield had a negative net margin of 0.96% and a positive return on equity of 4.21%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the company posted $0.46 earnings per share. Cushman & Wakefield’s revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that Cushman & Wakefield will post 0.62 earnings per share for the current year.

In related news, insider W Brett White sold 44,675 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $18.00, for a total value of $804,150.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.85% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. First Trust Advisors LP grew its stake in Cushman & Wakefield by 0.6% during the first quarter. First Trust Advisors LP now owns 181,534 shares of the company’s stock worth $3,231,000 after buying an additional 1,129 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cushman & Wakefield by 39.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,449 shares of the company’s stock worth $80,000 after buying an additional 1,264 shares in the last quarter. WINTON GROUP Ltd grew its stake in Cushman & Wakefield by 22.0% during the second quarter. WINTON GROUP Ltd now owns 16,117 shares of the company’s stock worth $288,000 after buying an additional 2,906 shares in the last quarter. Rhumbline Advisers grew its stake in Cushman & Wakefield by 5.3% during the first quarter. Rhumbline Advisers now owns 63,515 shares of the company’s stock worth $1,131,000 after buying an additional 3,190 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its stake in Cushman & Wakefield by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 230,447 shares of the company’s stock worth $4,120,000 after buying an additional 6,297 shares in the last quarter. Hedge funds and other institutional investors own 41.29% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cushman & Wakefield (NYSE:CWK)

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