Cushman & Wakefield (NYSE:CWK) Rating Lowered to “Buy” at Wall Street Zen

Cushman & Wakefield (NYSE:CWK) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

Several other analysts have also commented on CWK. The Goldman Sachs Group decreased their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research report on Wednesday, March 19th. UBS Group decreased their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Citigroup cut their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. JPMorgan Chase & Co. reduced their price target on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley set a $14.50 price objective on Cushman & Wakefield and gave the stock an “overweight” rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.00.

Cushman & Wakefield Trading Up 3.9%

NYSE CWK opened at $10.89 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 15.78 and a beta of 1.43. The company’s 50-day simple moving average is $9.85 and its two-hundred day simple moving average is $11.30. Cushman & Wakefield has a one year low of $7.64 and a one year high of $16.11.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.70% and a return on equity of 13.50%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Equities analysts forecast that Cushman & Wakefield will post 1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after buying an additional 2,691 shares during the period. Sterling Capital Management LLC lifted its stake in Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock valued at $94,000 after buying an additional 6,431 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Cushman & Wakefield in the 1st quarter valued at about $102,000. DRW Securities LLC acquired a new stake in Cushman & Wakefield in the 1st quarter worth about $109,000. Finally, Ieq Capital LLC purchased a new stake in Cushman & Wakefield during the 4th quarter worth approximately $135,000. 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.