Cushman & Wakefield (NYSE:CWK) Lowered to “Hold” Rating by Jefferies Financial Group

Cushman & Wakefield (NYSE:CWK) was downgraded by investment analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. They currently have a $14.00 price objective on the stock, down from their previous price objective of $18.00. Jefferies Financial Group’s price target would indicate a potential upside of 7.03% from the stock’s previous close.

A number of other brokerages have also commented on CWK. The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a research report on Friday, December 6th. They issued a “sell” rating and a $15.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.50.

Cushman & Wakefield Stock Up 0.5 %

Shares of CWK stock opened at $13.08 on Thursday. Cushman & Wakefield has a 1-year low of $9.24 and a 1-year high of $16.11. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 35.35 and a beta of 1.32. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s fifty day moving average price is $14.24 and its 200 day moving average price is $13.05.

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

Hedge Funds Weigh In On Cushman & Wakefield

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in Cushman & Wakefield by 53.2% in the third quarter. Principal Financial Group Inc. now owns 1,493,298 shares of the company’s stock valued at $20,354,000 after purchasing an additional 518,500 shares during the period. Franklin Resources Inc. increased its holdings in Cushman & Wakefield by 87.1% in the 3rd quarter. Franklin Resources Inc. now owns 319,718 shares of the company’s stock worth $3,993,000 after acquiring an additional 148,813 shares in the last quarter. Geode Capital Management LLC increased its holdings in Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after acquiring an additional 395,652 shares in the last quarter. Barclays PLC lifted its holdings in Cushman & Wakefield by 322.6% during the third quarter. Barclays PLC now owns 394,327 shares of the company’s stock valued at $5,374,000 after purchasing an additional 301,017 shares in the last quarter. Finally, XTX Topco Ltd grew its position in shares of 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 purchasing an additional 903 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

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.