JPMorgan Chase & Co. Raises Cushman & Wakefield (NYSE:CWK) Price Target to $12.00

Cushman & Wakefield (NYSE:CWKFree Report) had its price target increased by JPMorgan Chase & Co. from $11.00 to $12.00 in a research report released on Friday, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also recently commented on CWK. Jefferies Financial Group assumed coverage on Cushman & Wakefield in a research note on Wednesday, April 10th. They set a buy rating and a $13.00 price target for the company. Raymond James cut Cushman & Wakefield from a strong-buy rating to an outperform rating and set a $13.00 price target for the company. in a research note on Wednesday, April 3rd. Finally, Wolfe Research restated a peer perform rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $11.58.

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Cushman & Wakefield Price Performance

Shares of NYSE CWK opened at $10.87 on Friday. Cushman & Wakefield has a twelve month low of $6.24 and a twelve month high of $11.83. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.89. The stock has a 50 day moving average of $10.35 and a two-hundred day moving average of $10.24. The stock has a market cap of $2.49 billion, a P/E ratio of 271.75 and a beta of 1.34.

Insiders Place Their Bets

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $11.00, for a total value of $188,078,011.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.01% of the stock is currently owned by company insiders.

Institutional Trading of Cushman & Wakefield

Several large investors have recently bought and sold shares of CWK. Vaughan Nelson Investment Management L.P. grew its holdings in Cushman & Wakefield by 580.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,510,890 shares of the company’s stock valued at $57,644,000 after purchasing an additional 4,701,460 shares during the last quarter. Norges Bank acquired a new stake in Cushman & Wakefield in the fourth quarter valued at $18,742,000. Vanguard Group Inc. grew its holdings in Cushman & Wakefield by 4.0% in the first quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock valued at $301,126,000 after purchasing an additional 1,110,076 shares during the last quarter. DigitalBridge Group Inc. acquired a new stake in Cushman & Wakefield in the third quarter valued at $7,473,000. Finally, FMR LLC grew its holdings in Cushman & Wakefield by 3.9% in the third quarter. FMR LLC now owns 22,232,050 shares of the company’s stock valued at $169,408,000 after purchasing an additional 834,176 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Cushman & Wakefield

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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.

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