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

Cushman & Wakefield (NYSE:CWK) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, MarketBeat reports. They presently have a $14.00 price target on the stock, down from their previous price target of $18.00. Jefferies Financial Group’s price objective would indicate a potential upside of 9.20% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. The Goldman Sachs Group initiated coverage on Cushman & Wakefield in a research note on Friday, December 6th. They issued a “sell” rating and a $15.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.50.

Cushman & Wakefield Stock Up 1.8 %

Shares of NYSE:CWK opened at $12.82 on Thursday. The stock 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 50 day moving average is $14.21 and its 200 day moving average is $13.07. Cushman & Wakefield has a 12-month low of $9.24 and a 12-month high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76.

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

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Cushman & Wakefield by 53.2% in the third quarter. Principal Financial Group Inc. now owns 1,493,298 shares of the company’s stock worth $20,354,000 after buying an additional 518,500 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Cushman & Wakefield by 87.1% in the 3rd quarter. Franklin Resources Inc. now owns 319,718 shares of the company’s stock worth $3,993,000 after buying an additional 148,813 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after buying an additional 395,652 shares in the last quarter. Barclays PLC lifted its holdings in shares of Cushman & Wakefield by 322.6% during the 3rd quarter. Barclays PLC now owns 394,327 shares of the company’s stock worth $5,374,000 after acquiring an additional 301,017 shares during the last quarter. Finally, XTX Topco Ltd lifted its holdings in shares of Cushman & Wakefield by 4.8% during the 3rd quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock worth $271,000 after acquiring an additional 903 shares during the last quarter. Hedge funds and other institutional investors 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.