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

Cushman & Wakefield (NYSE:CWK) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other brokerages also recently weighed in on CWK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Barclays decreased their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Morgan Stanley reissued an “overweight” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a report on Friday, January 16th. Finally, Wolfe Research upgraded shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Cushman & Wakefield Trading Down 0.0%

CWK stock opened at $12.48 on Friday. The business has a fifty day moving average price of $13.50 and a 200 day moving average price of $15.17. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $17.40. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 32.83 and a beta of 1.49.

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

Institutional Trading of Cushman & Wakefield

A number of institutional investors and hedge funds have recently modified their holdings of CWK. Mercer Global Advisors Inc. ADV boosted its stake in Cushman & Wakefield by 22.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 25,106 shares of the company’s stock worth $406,000 after acquiring an additional 4,539 shares during the last quarter. Summit Global Investments bought a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $1,213,000. Caitlin John LLC bought a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $195,000. EP Wealth Advisors LLC acquired a new stake in Cushman & Wakefield in the fourth quarter worth $466,000. Finally, XTX Topco Ltd raised its holdings in Cushman & Wakefield by 50.6% in the fourth quarter. XTX Topco Ltd now owns 103,631 shares of the company’s stock worth $1,678,000 after purchasing an additional 34,805 shares during the period. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Company Profile

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.