The Goldman Sachs Group Lowers Cushman & Wakefield (NYSE:CWK) Price Target to $13.00

Cushman & Wakefield (NYSE:CWK) had its target price reduced by The Goldman Sachs Group from $14.50 to $13.00 in a report published on Friday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

A number of other equities analysts have also recently weighed in on CWK. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their price target for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lifted their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Cushman & Wakefield presently has an average rating of “Hold” and an average target price of $15.00.

Cushman & Wakefield Trading Down 4.6 %

Shares of CWK opened at $11.68 on Friday. The business’s 50-day moving average price is $13.12 and its 200 day moving average price is $13.41. The stock has a market capitalization of $2.68 billion, a P/E ratio of 31.55 and a beta of 1.34. Cushman & Wakefield has a 1-year low of $9.24 and a 1-year high of $16.11. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. Analysts expect that Cushman & Wakefield will post 0.91 earnings per share for the current year.

Hedge Funds Weigh In On Cushman & Wakefield

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in shares of Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after buying an additional 2,027 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after buying an additional 2,691 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Cushman & Wakefield by 820.3% during 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 during the last quarter. KBC Group NV lifted its holdings in shares of Cushman & Wakefield by 31.7% during the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after buying an additional 1,915 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Cushman & Wakefield by 67.6% during the 3rd quarter. CWM LLC now owns 9,167 shares of the company’s stock valued at $125,000 after buying an additional 3,699 shares during the last quarter. Hedge funds and other institutional investors 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.