Zacks Research Downgrades Cushman & Wakefield (NYSE:CWK) to Hold

Cushman & Wakefield (NYSE:CWK) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also issued reports on the company. UBS Group increased their price target on Cushman & Wakefield from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Citigroup reaffirmed an “outperform” rating on shares of Cushman & Wakefield in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, October 8th. The Goldman Sachs Group raised shares of Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 target price for the company in a research report on Friday, August 8th. Finally, Wall Street Zen raised Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.63.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $15.51 on Tuesday. Cushman & Wakefield has a 12-month low of $7.64 and a 12-month high of $17.33. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 16.15 and a beta of 1.56. The business has a 50 day simple moving average of $16.00 and a 200 day simple moving average of $12.98.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. Cushman & Wakefield had a return on equity of 14.69% and a net margin of 2.23%.The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, equities research analysts anticipate that Cushman & Wakefield will post 1.2 EPS for the current year.

Insiders Place Their Bets

In other Cushman & Wakefield news, Director Angela Sun sold 6,800 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $16.02, for a total value of $108,936.00. Following the sale, the director owned 46,498 shares of the company’s stock, valued at $744,897.96. The trade was a 12.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Cushman & Wakefield

Several institutional investors have recently made changes to their positions in the business. Frontier Capital Management Co. LLC bought a new stake in Cushman & Wakefield in the second quarter valued at about $51,764,000. Vaughan Nelson Investment Management L.P. boosted its holdings in Cushman & Wakefield by 46.2% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company’s stock valued at $134,573,000 after purchasing an additional 3,842,859 shares in the last quarter. Deutsche Bank AG boosted its holdings in Cushman & Wakefield by 807.1% during the first quarter. Deutsche Bank AG now owns 1,870,044 shares of the company’s stock valued at $19,112,000 after purchasing an additional 1,663,880 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Cushman & Wakefield by 128.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after purchasing an additional 1,620,143 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Cushman & Wakefield in the 1st quarter worth approximately $11,086,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

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.