Cushman & Wakefield (NYSE:CWK) Rating Lowered to “Buy” at Wall Street Zen

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

Several other equities research analysts have also commented on the company. Zacks Research lowered Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Citizens Jmp boosted their price target on Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Monday, November 3rd. JMP Securities set a $19.00 price objective on Cushman & Wakefield in a research note on Monday. Citigroup reaffirmed an “outperform” rating on shares of Cushman & Wakefield in a research note on Monday. Finally, UBS Group upped their target price on shares of Cushman & Wakefield from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.63.

Cushman & Wakefield Stock Performance

CWK opened at $15.70 on Friday. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $17.33. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $3.64 billion, a P/E ratio of 16.36 and a beta of 1.56. The firm has a fifty day moving average price of $15.99 and a 200 day moving average price of $13.05.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Cushman & Wakefield had a return on equity of 14.69% and a net margin of 2.23%.Cushman & Wakefield’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. Equities research analysts anticipate that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Insider Activity

In other news, Director Angela Sun sold 6,800 shares of Cushman & Wakefield stock in a transaction on Friday, September 5th. The stock was sold at an average price of $16.02, for a total transaction of $108,936.00. Following the transaction, the director owned 46,498 shares in the company, valued at $744,897.96. The trade was a 12.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

Institutional Trading of Cushman & Wakefield

A number of hedge funds and other institutional investors have recently modified their holdings of CWK. Wealth Enhancement Advisory Services LLC lifted its position in Cushman & Wakefield by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,461 shares of the company’s stock valued at $174,000 after buying an additional 600 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Cushman & Wakefield by 12.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,201 shares of the company’s stock valued at $99,000 after acquiring an additional 667 shares during the period. Amalgamated Bank lifted its holdings in shares of Cushman & Wakefield by 1.2% in the 3rd quarter. Amalgamated Bank now owns 66,655 shares of the company’s stock worth $1,061,000 after acquiring an additional 821 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cushman & Wakefield by 18.3% in the 3rd quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock worth $89,000 after acquiring an additional 867 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of Cushman & Wakefield by 1.0% during the 2nd quarter. Yousif Capital Management LLC now owns 90,691 shares of the company’s stock worth $1,004,000 after purchasing an additional 934 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

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.