Cushman & Wakefield (NYSE:CWK) Price Target Cut to $11.50 by Analysts at The Goldman Sachs Group

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

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised 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. Jefferies Financial Group lowered 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 report on Thursday, January 2nd. Finally, Citigroup reduced their target price on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday. 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 stock. According to data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of “Hold” and a consensus price target of $14.10.

Cushman & Wakefield Trading Up 0.4 %

NYSE CWK opened at $10.51 on Wednesday. The company’s fifty day simple moving average is $12.43 and its 200-day simple moving average is $13.23. The stock has a market cap of $2.41 billion, a P/E ratio of 19.10 and a beta of 1.40. Cushman & Wakefield has a 52 week low of $9.24 and a 52 week 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.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share 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 company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Equities research analysts predict that Cushman & Wakefield will post 1.2 EPS for the current fiscal year.

Institutional Trading of Cushman & Wakefield

Several hedge funds have recently bought and sold shares of CWK. KBC Group NV raised its holdings in shares of Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after buying an additional 1,915 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Cushman & Wakefield by 10.5% during the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock valued at $205,000 after purchasing an additional 1,421 shares in the last quarter. Empowered Funds LLC grew its position in Cushman & Wakefield by 11.7% in the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock valued at $153,000 after buying an additional 1,180 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Cushman & Wakefield by 6.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 34,479 shares of the company’s stock worth $470,000 after acquiring an additional 2,102 shares during the period. Finally, Jennison Associates LLC acquired a new position in shares of Cushman & Wakefield during the third quarter valued at approximately $746,000. 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.