Barclays Lowers Cushman & Wakefield (NYSE:CWK) Price Target to $15.00

Cushman & Wakefield (NYSE:CWK) had its target price reduced by stock analysts at Barclays from $19.00 to $15.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 23.65% from the stock’s previous close.

A number of other research analysts have also recently weighed in on CWK. Wolfe Research upgraded shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Monday, February 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a report on Friday, January 16th. Citigroup upgraded Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, November 20th. Wall Street Zen lowered Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Cushman & Wakefield Trading Up 2.0%

NYSE CWK opened at $12.13 on Friday. The business’s fifty day moving average is $14.86 and its 200-day moving average is $15.57. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 31.92 and a beta of 1.49. Cushman & Wakefield has a one year low of $7.64 and a one year high of $17.40.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities research analysts predict that Cushman & Wakefield will post 1.2 EPS for the current year.

Hedge Funds Weigh In On Cushman & Wakefield

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Cushman & Wakefield by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 12,850,956 shares of the company’s stock valued at $208,062,000 after buying an additional 109,963 shares in the last quarter. State Street Corp boosted its holdings in Cushman & Wakefield by 2.2% in the 4th quarter. State Street Corp now owns 9,138,118 shares of the company’s stock worth $147,946,000 after buying an additional 197,430 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Cushman & Wakefield by 23.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock valued at $105,549,000 after buying an additional 1,233,055 shares in the last quarter. Geode Capital Management LLC grew its stake in Cushman & Wakefield by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock valued at $96,918,000 after buying an additional 29,832 shares in the last quarter. Finally, Channing Capital Management LLC raised its holdings in Cushman & Wakefield by 46.0% during the 4th quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after acquiring an additional 1,609,190 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.