UBS Group Cuts Cushman & Wakefield (NYSE:CWK) Price Target to $9.00

Cushman & Wakefield (NYSE:CWK) had its target price reduced by UBS Group from $14.00 to $9.00 in a report published on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Citigroup cut their price target on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. The Goldman Sachs Group lowered their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Jefferies Financial Group downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price target for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.75.

Cushman & Wakefield Trading Up 0.3 %

NYSE:CWK opened at $8.02 on Friday. Cushman & Wakefield has a 52 week low of $7.64 and a 52 week high of $16.11. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The firm’s fifty day moving average is $11.05 and its 200-day moving average is $12.75. The firm has a market cap of $1.84 billion, a P/E ratio of 14.57 and a beta of 1.26.

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 during the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Equities analysts expect that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Institutional Trading of Cushman & Wakefield

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Cushman & Wakefield by 6.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company’s stock worth $179,204,000 after acquiring an additional 806,684 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Cushman & Wakefield by 9.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company’s stock valued at $163,164,000 after purchasing an additional 1,094,260 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Cushman & Wakefield by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company’s stock worth $151,551,000 after buying an additional 736,955 shares in the last quarter. State Street Corp increased its stake in Cushman & Wakefield by 9.8% in the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after acquiring an additional 756,966 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after acquiring an additional 395,652 shares in 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.