Cushman & Wakefield plc (NYSE:CWK) Receives Consensus Rating of “Hold” from Brokerages

Cushman & Wakefield plc (NYSE:CWK) has been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $13.50.

Several equities research analysts have recently commented on the company. Citigroup reduced their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. reduced their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday. UBS Group lowered their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group dropped their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research report on Wednesday, March 19th.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors and hedge funds have recently modified their holdings of the stock. Walleye Capital LLC bought a new stake in Cushman & Wakefield in the 3rd quarter valued at $150,000. State Street Corp grew its position in shares of Cushman & Wakefield by 9.8% during the third quarter. State Street Corp now owns 8,463,595 shares of the company’s stock valued at $115,359,000 after purchasing an additional 756,966 shares in the last quarter. Wolverine Trading LLC bought a new stake in shares of Cushman & Wakefield in the third quarter worth about $165,000. XTX Topco Ltd lifted 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 worth $271,000 after buying an additional 903 shares in the last quarter. Finally, Barclays PLC boosted its stake 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 buying an additional 301,017 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Down 3.6 %

Shares of CWK stock traded down $0.29 during mid-day trading on Friday, hitting $7.70. The company’s stock had a trading volume of 758,325 shares, compared to its average volume of 2,049,245. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. Cushman & Wakefield has a 52-week low of $7.64 and a 52-week high of $16.11. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 14.01 and a beta of 1.26. The business has a 50-day moving average price of $11.16 and a 200 day moving average price of $12.80.

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

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.