Fintel reports that on July 5, 2023, Morgan Stanley maintained coverage of Cushman & Wakefield (NYSE:CWK) with a Overweight recommendation.
Analyst Price Forecast Suggests 56.56% Upside
As of June 2, 2023, the average one-year price target for Cushman & Wakefield is 13.04. The forecasts range from a low of 8.58 to a high of $22.05. The average price target represents an increase of 56.56% from its latest reported closing price of 8.33.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cushman & Wakefield is 7,460MM, a decrease of 25.58%. The projected annual non-GAAP EPS is 1.94.
What is the Fund Sentiment?
There are 515 funds or institutions reporting positions in Cushman & Wakefield. This is a decrease of 13 owner(s) or 2.46% in the last quarter. Average portfolio weight of all funds dedicated to CWK is 0.18%, a decrease of 16.32%. Total shares owned by institutions decreased in the last three months by 1.65% to 249,942K shares. 
The put/call ratio of CWK is 5.17, indicating a bearish outlook.
What are Other Shareholders Doing?
Tpg Gp A holds 34,833K shares representing 15.34% ownership of the company. No change in the last quarter.
Ontario Teachers Pension Plan Board holds 10,464K shares representing 4.61% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 8,982K shares representing 3.96% ownership of the company. In it's prior filing, the firm reported owning 8,966K shares, representing an increase of 0.17%. The firm decreased its portfolio allocation in CWK by 17.66% over the last quarter.
Jpmorgan Chase holds 8,969K shares representing 3.95% ownership of the company. In it's prior filing, the firm reported owning 9,020K shares, representing a decrease of 0.57%. The firm decreased its portfolio allocation in CWK by 90.24% over the last quarter.
Harris Associates L P holds 7,601K shares representing 3.35% ownership of the company. In it's prior filing, the firm reported owning 7,287K shares, representing an increase of 4.13%. The firm decreased its portfolio allocation in CWK by 15.88% over the last quarter.
Cushman & Wakefield Background Information
(This description is provided by the company.)
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.
Additional reading:
- AMENDMENT NO. 5 TO THE CREDIT AGREEMENT
- AMENDED & RESTATED CUSHMAN & WAKEFIELD PLC 2018 OMNIBUS MANAGEMENT SHARE AND CASH INCENTIVE PLAN TIME AND PERFORMANCE-BASED RESTRICTED STOCK UNIT GRANT AGREEMENT
- Letter Agreement, dated May 4, 2023, between Cushman & Wakefield plc and John Forrester
- Offer letter, dated May 4, 2023, from Cushman & Wakefield plc to Michelle MacKay
- Offer letter, dated May 4, 2023, from Cushman & Wakefield plc to Andrew McDonald
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
