Cushman & Wakefield (NYSE:CWK) Stock Price Target Cut by Citizens Jmp

Cushman & Wakefield (NYSE:CWK) had its price objective reduced by Citizens Jmp from $19.00 to $16.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s target price suggests a potential upside of 35.03% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Citigroup reaffirmed a “market outperform” rating on shares of Cushman & Wakefield in a research report on Thursday. UBS Group reduced their target price on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Zacks Research lowered shares of Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Barclays increased their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. Finally, Weiss Ratings upgraded shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.14.

Cushman & Wakefield Stock Up 2.3%

NYSE CWK traded up $0.27 during midday trading on Thursday, hitting $11.85. 369,228 shares of the company traded hands, compared to its average volume of 2,043,142. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $2.78 billion, a PE ratio of 40.85 and a beta of 1.50. The company’s 50-day simple moving average is $12.83 and its 200-day simple moving average is $13.22. Cushman & Wakefield has a 52 week low of $10.88 and a 52 week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.35 EPS for the quarter. The firm had revenue of $2.76 billion during the quarter. Cushman & Wakefield had a return on equity of 15.90% and a net margin of 0.64%. As a group, equities research analysts forecast that Cushman & Wakefield will post 1.45 earnings per share for the current year.

Insider Buying and Selling at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 12,500 shares of Cushman & Wakefield stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total value of $167,375.00. Following the transaction, the insider directly owned 58,376 shares of the company’s stock, valued at approximately $781,654.64. The trade was a 17.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laurida Sayed sold 16,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $13.88, for a total value of $222,080.00. Following the transaction, the insider directly owned 5,461 shares in the company, valued at approximately $75,798.68. The trade was a 74.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is currently owned by insiders.

Institutional Trading of Cushman & Wakefield

A number of institutional investors have recently made changes to their positions in CWK. Dimensional Fund Advisors LP grew its stake in Cushman & Wakefield by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock worth $162,424,000 after buying an additional 397,892 shares during the last quarter. Bank of America Corp DE increased its position in Cushman & Wakefield by 13.2% during the 1st quarter. Bank of America Corp DE now owns 2,126,440 shares of the company’s stock valued at $26,070,000 after buying an additional 247,475 shares in the last quarter. Janus Henderson Group PLC raised its stake in Cushman & Wakefield by 9.3% in the first quarter. Janus Henderson Group PLC now owns 1,786,205 shares of the company’s stock valued at $21,900,000 after buying an additional 152,647 shares during the last quarter. Principal Financial Group Inc. raised its stake in Cushman & Wakefield by 4.9% in the first quarter. Principal Financial Group Inc. now owns 1,426,178 shares of the company’s stock valued at $17,485,000 after buying an additional 66,382 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Cushman & Wakefield by 17.8% in the first quarter. Sei Investments Co. now owns 1,137,910 shares of the company’s stock valued at $13,951,000 after buying an additional 171,956 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield plc (NYSE: CWK) is a global commercial real estate services company that provides advisory, transaction, and property-related solutions to property owners, occupiers, investors, and developers. The company serves clients across office, industrial, retail, multifamily, hospitality, and other real estate sectors.

Its services include leasing and tenant representation, capital markets and investment sales, valuation and advisory, property and facilities management, project and development services, and workplace and portfolio consulting.