Cushman & Wakefield (NYSE:CWK) Rating Lowered to “Hold” at Jefferies Financial Group

Cushman & Wakefield (NYSE:CWK) was downgraded by equities researchers at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Thursday, MarketBeat.com reports. They currently have a $14.00 target price on the stock, down from their prior target price of $18.00. Jefferies Financial Group’s price target would suggest a potential upside of 9.20% from the company’s previous close.

CWK has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. The Goldman Sachs Group began coverage on shares of Cushman & Wakefield in a research note on Friday, December 6th. They issued a “sell” rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.50.

Cushman & Wakefield Trading Up 1.8 %

Shares of CWK opened at $12.82 on Thursday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield has a 52-week low of $9.24 and a 52-week high of $16.11. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 34.65 and a beta of 1.32. The business’s fifty day moving average is $14.21 and its 200-day moving average is $13.07.

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

Institutional Investors Weigh In On Cushman & Wakefield

Several large investors have recently added to or reduced their stakes in CWK. Blue Trust Inc. increased its stake in Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after purchasing an additional 2,027 shares in the last quarter. GAMMA Investing LLC increased its position in Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after buying an additional 1,629 shares in the last quarter. Profund Advisors LLC acquired a new position in Cushman & Wakefield during the 2nd quarter worth approximately $105,000. KBC Group NV boosted its holdings in Cushman & Wakefield by 31.7% in the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock worth $109,000 after acquiring an additional 1,915 shares in the last quarter. Finally, CWM LLC grew its stake in Cushman & Wakefield by 67.6% in the third quarter. CWM LLC now owns 9,167 shares of the company’s stock valued at $125,000 after acquiring an additional 3,699 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.