Cushman & Wakefield (NYSE:CWK) Stock Rating Lowered by Wall Street Zen

Cushman & Wakefield (NYSE:CWK) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently weighed in on the company. Citigroup raised Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, November 20th. JPMorgan Chase & Co. increased their price target on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. JMP Securities set a $19.00 price objective on shares of Cushman & Wakefield in a research report on Monday, November 3rd. Barclays initiated coverage on shares of Cushman & Wakefield in a report on Tuesday, December 2nd. They issued an “equal weight” rating and a $18.00 target price for the company. Finally, Zacks Research downgraded shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.44.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $15.28 on Friday. The stock’s 50-day moving average is $15.82 and its two-hundred day moving average is $14.15. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.07 and a current ratio of 1.07. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $17.33. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 15.91 and a beta of 1.45.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Thursday, October 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Cushman & Wakefield had a return on equity of 14.69% and a net margin of 2.23%.The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. Analysts predict that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Institutional Trading of Cushman & Wakefield

Several hedge funds and other institutional investors have recently made changes to their positions in CWK. EverSource Wealth Advisors LLC increased its stake in shares of Cushman & Wakefield by 126.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,321 shares during the period. First Horizon Corp purchased a new stake in Cushman & Wakefield in the 3rd quarter valued at approximately $32,000. Quarry LP increased its position in Cushman & Wakefield by 4,473.5% during the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 2,192 shares during the period. Community Bank N.A. purchased a new position in shares of Cushman & Wakefield during the 3rd quarter worth approximately $45,000. Finally, Osaic Holdings Inc. raised its stake in shares of Cushman & Wakefield by 85.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock worth $48,000 after buying an additional 2,012 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

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.