Cushman & Wakefield (NYSE:CWK) Earns Sell Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Cushman & Wakefield (NYSE:CWK) in a research note released on Friday morning, Marketbeat reports. The firm issued a sell rating and a $15.00 price objective on the stock.

Cushman & Wakefield Trading Down 0.5 %

NYSE:CWK opened at $15.09 on Friday. Cushman & Wakefield has a 1 year low of $8.53 and a 1 year high of $16.11. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 40.78 and a beta of 1.32. The stock has a fifty day moving average price of $13.88 and a two-hundred day moving average price of $12.65. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. As a group, sell-side analysts anticipate that Cushman & Wakefield will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd increased its holdings in Cushman & Wakefield by 4.8% in the third quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock valued at $271,000 after buying an additional 903 shares during the last quarter. Empowered Funds LLC increased its holdings in Cushman & Wakefield by 11.7% in the third quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock valued at $153,000 after buying an additional 1,180 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in Cushman & Wakefield by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company’s stock valued at $831,000 after buying an additional 1,395 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Cushman & Wakefield by 10.5% in the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock valued at $205,000 after buying an additional 1,421 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Cushman & Wakefield by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company’s stock valued at $334,000 after buying an additional 1,500 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.