Cushman & Wakefield (NYSE:CWK) PT Lowered to $22.50

Cushman & Wakefield (NYSE:CWKGet Rating) had its price objective dropped by research analysts at Morgan Stanley from $23.00 to $22.50 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 25.49% from the stock’s current price.

A number of other research analysts have also issued reports on CWK. Wolfe Research reduced their target price on shares of Cushman & Wakefield from $44.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday, March 10th. Zacks Investment Research upgraded shares of Cushman & Wakefield from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Tuesday, May 10th. Raymond James reduced their target price on shares of Cushman & Wakefield from $38.00 to $32.00 and set a “strong-buy” rating on the stock in a report on Tuesday, April 26th. The Goldman Sachs Group assumed coverage on shares of Cushman & Wakefield in a report on Tuesday, April 5th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Citigroup reduced their target price on shares of Cushman & Wakefield from $23.00 to $21.00 in a report on Thursday, April 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $23.00.

Shares of Cushman & Wakefield stock traded up $0.07 on Thursday, hitting $17.93. The company’s stock had a trading volume of 5,227 shares, compared to its average volume of 972,341. Cushman & Wakefield has a 52-week low of $15.97 and a 52-week high of $23.54. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.09. The firm has a fifty day moving average price of $19.11 and a 200-day moving average price of $20.13. The company has a market capitalization of $4.04 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 0.75 and a beta of 1.37.

Cushman & Wakefield (NYSE:CWKGet Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.23 by $0.25. Cushman & Wakefield had a net margin of 3.19% and a return on equity of 27.90%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the firm earned ($0.08) EPS. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. As a group, analysts expect that Cushman & Wakefield will post 2.44 earnings per share for the current year.

In related news, Chairman W Brett White sold 145,416 shares of the stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $20.60, for a total transaction of $2,995,569.60. Following the completion of the sale, the chairman now owns 1,327,077 shares of the company’s stock, valued at approximately $27,337,786.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Andrew R. Mcdonald sold 2,061 shares of the stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $21.00, for a total transaction of $43,281.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 160,955 shares of company stock valued at $3,330,380. Corporate insiders own 1.27% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FourThought Financial LLC acquired a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $27,000. Koshinski Asset Management Inc. acquired a new stake in Cushman & Wakefield in the first quarter valued at approximately $35,000. Selective Wealth Management Inc. acquired a new stake in Cushman & Wakefield in the first quarter valued at approximately $41,000. First Horizon Advisors Inc. grew its position in Cushman & Wakefield by 86.7% in the fourth quarter. First Horizon Advisors Inc. now owns 2,240 shares of the company’s stock valued at $50,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its position in Cushman & Wakefield by 3,128.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock valued at $46,000 after acquiring an additional 2,221 shares in the last quarter. 82.33% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Company Profile (Get Rating)

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East, and Africa; and Asia Pacific segments.

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