Cushman & Wakefield (NYSE:CWK) Downgraded to “Buy” Rating by 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 report released on Saturday.

Several other research analysts have also recently issued reports on CWK. Citigroup raised Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, November 20th. Zacks Research lowered Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. upped their target price on Cushman & Wakefield from $13.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. Barclays started coverage on Cushman & Wakefield in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $18.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.44.

Cushman & Wakefield Stock Down 2.0%

Shares of CWK stock opened at $15.28 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 quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day moving average is $15.82 and its 200-day moving average is $14.10. The stock has a market cap of $3.54 billion, a PE ratio of 15.91 and a beta of 1.46.

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

Institutional Trading of Cushman & Wakefield

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in shares of Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after buying an additional 1,321 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Cushman & Wakefield in the third quarter worth $32,000. Quarry LP grew its stake in Cushman & Wakefield by 4,473.5% in the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 2,192 shares during the last quarter. Community Bank N.A. bought a new position in Cushman & Wakefield in the 3rd quarter worth $45,000. Finally, Osaic Holdings Inc. lifted its position in Cushman & Wakefield by 85.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock worth $48,000 after acquiring an additional 2,012 shares during the last quarter. 95.56% of the stock is currently 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.