Wall Street Zen Downgrades Cushman & Wakefield (NYSE:CWK) to Buy

Cushman & Wakefield (NYSE:CWK) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other research analysts have also recently issued reports on CWK. The Goldman Sachs Group upgraded Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price objective for the company in a research report on Friday, August 8th. JMP Securities set a $19.00 price target on shares of Cushman & Wakefield in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, October 8th. Zacks Research lowered shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Cushman & Wakefield in a report on Monday, November 3rd. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.63.

Cushman & Wakefield Stock Up 1.8%

Shares of NYSE:CWK opened at $15.70 on Friday. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $17.33. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39. The firm’s 50-day simple moving average is $15.99 and its 200-day simple moving average is $13.12. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 16.36 and a beta of 1.56.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.61 billion for 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 revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. As a group, equities research analysts predict that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Insider Transactions at Cushman & Wakefield

In other Cushman & Wakefield news, Director Angela Sun sold 6,800 shares of the company’s stock in a transaction dated 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. This represents a 12.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

A number of institutional investors have recently modified their holdings of CWK. Wealth Enhancement Advisory Services LLC raised its holdings in Cushman & Wakefield by 5.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,461 shares of the company’s stock valued at $174,000 after acquiring an additional 600 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Cushman & Wakefield by 12.1% in the third quarter. Nisa Investment Advisors LLC now owns 6,201 shares of the company’s stock valued at $99,000 after purchasing an additional 667 shares during the last quarter. Amalgamated Bank increased its stake in Cushman & Wakefield by 1.2% in the third quarter. Amalgamated Bank now owns 66,655 shares of the company’s stock valued at $1,061,000 after purchasing an additional 821 shares during the last quarter. GAMMA Investing LLC increased its stake in Cushman & Wakefield by 18.3% in the third quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock valued at $89,000 after purchasing an additional 867 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its position in Cushman & Wakefield by 1.0% during the second quarter. Yousif Capital Management LLC now owns 90,691 shares of the company’s stock worth $1,004,000 after buying an additional 934 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

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.