Cushman & Wakefield (NYSE:CWK) Given New $11.50 Price Target at The Goldman Sachs Group

Cushman & Wakefield (NYSE:CWK) had its price objective decreased by The Goldman Sachs Group from $13.00 to $11.50 in a research report report published on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other brokerages have also recently issued reports on CWK. Citigroup reduced their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Jefferies Financial Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lifted 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.10.

Cushman & Wakefield Trading Down 1.5 %

Shares of CWK opened at $10.42 on Wednesday. The firm has a 50-day moving average price of $12.37 and a 200 day moving average price of $13.19. Cushman & Wakefield has a 12-month low of $9.24 and a 12-month high of $16.11. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $2.39 billion, a P/E ratio of 18.94 and a beta of 1.40.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Sell-side analysts forecast that Cushman & Wakefield will post 1.2 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its position in shares of Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after acquiring an additional 2,691 shares during the period. Blue Trust Inc. raised its stake in Cushman & Wakefield by 26.5% in the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after purchasing an additional 928 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock valued at $94,000 after buying an additional 6,431 shares during the period. KBC Group NV lifted its stake in shares of Cushman & Wakefield by 31.7% during the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock worth $109,000 after purchasing an additional 1,915 shares during the period. Finally, Ieq Capital LLC purchased a new stake in Cushman & Wakefield in the 4th quarter valued at about $135,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Cushman & Wakefield

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.