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

Wall Street Zen cut shares of Cushman & Wakefield (NYSE:CWK) from a buy rating to a hold rating in a research note released on Saturday.

Other equities research analysts have also recently issued reports about the stock. Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price target for the company in a research report on Monday, February 9th. Barclays dropped their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Morgan Stanley reiterated an “overweight” rating and set a $19.00 target price on shares of Cushman & Wakefield in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cushman & Wakefield currently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock opened at $12.48 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.34. Cushman & Wakefield has a 52 week low of $7.64 and a 52 week high of $17.40. The firm’s 50 day moving average is $13.50 and its two-hundred day moving average is $15.16. The firm has a market capitalization of $2.89 billion, a P/E ratio of 32.83 and a beta of 1.49.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.83 billion. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. Research analysts forecast that Cushman & Wakefield will post 1.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its position in Cushman & Wakefield by 22.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 25,106 shares of the company’s stock worth $406,000 after buying an additional 4,539 shares during the last quarter. Summit Global Investments acquired a new stake in shares of Cushman & Wakefield in the 4th quarter worth $1,213,000. Caitlin John LLC purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $195,000. EP Wealth Advisors LLC purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $466,000. Finally, XTX Topco Ltd increased its stake in shares of Cushman & Wakefield by 50.6% during the fourth quarter. XTX Topco Ltd now owns 103,631 shares of the company’s stock worth $1,678,000 after acquiring an additional 34,805 shares during the period. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.