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

Jefferies Financial Group downgraded shares of Cushman & Wakefield (NYSE:CWK) from a buy rating to a hold rating in a research report report published on Thursday morning, Marketbeat.com reports. The brokerage currently has $14.00 target price on the stock, down from their previous target price of $18.00.

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

Cushman & Wakefield Trading Up 1.8 %

NYSE CWK opened at $12.82 on Thursday. The firm has a market capitalization of $2.94 billion, a PE ratio of 34.65 and a beta of 1.32. The stock’s 50 day moving average is $14.21 and its 200 day moving average is $13.07. Cushman & Wakefield has a twelve month low of $9.24 and a twelve month high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS. Research analysts forecast that Cushman & Wakefield will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of Cushman & Wakefield

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock worth $48,000 after buying an additional 2,027 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Cushman & Wakefield by 45.8% during the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after acquiring an additional 1,629 shares in the last quarter. Profund Advisors LLC purchased a new position in Cushman & Wakefield in the 2nd quarter worth approximately $105,000. KBC Group NV lifted its position in Cushman & Wakefield by 31.7% in the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after acquiring an additional 1,915 shares in the last quarter. Finally, CWM LLC boosted its stake in Cushman & Wakefield by 67.6% during the 3rd quarter. CWM LLC now owns 9,167 shares of the company’s stock valued at $125,000 after purchasing an additional 3,699 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

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.