Cushman & Wakefield (NYSE:CWK) Stock Price Target Lowered at Citizens Jmp

Key Points

• Citizens JMP lowered Cushman & Wakefield’s price target to $16 from $19 while maintaining a “market outperform” rating, implying approximately 35% upside from the stock’s $11.85 price.
• Analyst sentiment is mixed: the consensus rating is “Hold,” with five Buy, three Hold, and one Sell rating and an average price target of $17.14.
• CWK shares rose 2.3% to $11.85, while institutional investors hold a substantial 95.56% of the company’s stock; two insiders recently sold shares.

Cushman & Wakefield (NYSE:CWK - Get Free Report) had its target price lowered by analysts at Citizens Jmp from $19.00 to $16.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. Citizens Jmp's price objective points to a potential upside of 35.03% from the company's current price.

CWK has been the topic of a number of other research reports. UBS Group cut their target price on Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Monday, August 10th. Weiss Ratings raised Cushman & Wakefield from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Citigroup reiterated a "market outperform" rating on shares of Cushman & Wakefield in a research note on Thursday. Barclays lifted their target price on Cushman & Wakefield from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Monday, August 17th. Finally, Zacks Research downgraded Cushman & Wakefield from a "hold" rating to a "strong sell" rating in a research report on Friday, October 16th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $17.14.

Cushman & Wakefield Trading Up 2.3%

NYSE:CWK traded up $0.27 during mid-day trading on Thursday, hitting $11.85. 369,228 shares of the stock traded hands, compared to its average volume of 2,043,142. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 40.85 and a beta of 1.50. Cushman & Wakefield has a 52 week low of $10.88 and a 52 week high of $17.40. The firm's 50 day moving average is $12.83 and its two-hundred day moving average is $13.22. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $2.76 billion for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. On average, equities research analysts predict that Cushman & Wakefield will post 1.45 earnings per share for the current year.

Insider Activity at Cushman & Wakefield

In related news, insider Laurida Sayed sold 16,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $13.88, for a total value of $222,080.00. Following the transaction, the insider owned 5,461 shares of the company's stock, valued at $75,798.68. This represents a 74.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathaniel Robinson sold 12,500 shares of the firm's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $13.39, for a total value of $167,375.00. Following the transaction, the insider owned 58,376 shares in the company, valued at $781,654.64. The trade was a 17.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cushman & Wakefield

Several institutional investors have recently made changes to their positions in CWK. Jennison Associates LLC purchased a new stake in Cushman & Wakefield in the first quarter worth about $6,672,000. Renaissance Technologies LLC purchased a new position in Cushman & Wakefield during the 1st quarter valued at about $6,101,000. Dimensional Fund Advisors LP increased its position in Cushman & Wakefield by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company's stock valued at $162,424,000 after purchasing an additional 397,892 shares during the period. Bank of America Corp DE raised its holdings in shares of Cushman & Wakefield by 13.2% in the 1st quarter. Bank of America Corp DE now owns 2,126,440 shares of the company's stock valued at $26,070,000 after purchasing an additional 247,475 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Cushman & Wakefield by 17.8% in the 1st quarter. Sei Investments Co. now owns 1,137,910 shares of the company's stock valued at $13,951,000 after purchasing an additional 171,956 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

About Cushman & Wakefield

Cushman & Wakefield plc NYSE: CWK is a global commercial real estate services company that provides advisory, transaction, and property-related solutions to property owners, occupiers, investors, and developers. The company serves clients across office, industrial, retail, multifamily, hospitality, and other real estate sectors.

Its services include leasing and tenant representation, capital markets and investment sales, valuation and advisory, property and facilities management, project and development services, and workplace and portfolio consulting.

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