Cushman & Wakefield (NYSE:CWK) Cut to Hold at Jefferies Financial Group

Cushman & Wakefield (NYSE:CWK) was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating in a report issued on Thursday, Marketbeat reports. They currently have a $14.00 price objective on the stock, down from their prior price objective of $18.00. Jefferies Financial Group’s price objective suggests a potential upside of 7.03% from the company’s current price.

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

Cushman & Wakefield Stock Up 0.5 %

Shares of NYSE CWK opened at $13.08 on Thursday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 35.35 and a beta of 1.32. 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 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76. The firm’s 50-day moving average price is $14.24 and its 200-day moving average price is $13.05.

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

Institutional Investors Weigh In On Cushman & Wakefield

A number of institutional investors and hedge funds have recently bought and sold shares of CWK. Vaughan Nelson Investment Management L.P. increased its stake in shares of Cushman & Wakefield by 83.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after buying an additional 5,171,340 shares during the period. Victory Capital Management Inc. increased its position in Cushman & Wakefield by 31.2% during the 2nd quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock valued at $108,108,000 after purchasing an additional 2,469,831 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Cushman & Wakefield by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after purchasing an additional 1,910,212 shares in the last quarter. State Street Corp lifted its position in shares of Cushman & Wakefield by 9.8% in the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after purchasing an additional 756,966 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Cushman & Wakefield by 7.5% during the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after purchasing an additional 395,652 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.