Cushman & Wakefield (NYSE:CWK) Rating Lowered to "Buy" at Wall Street Zen

Cushman & Wakefield (NYSE:CWK - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Sunday.

CWK has been the subject of a number of other reports. Morgan Stanley set a $14.50 price target on Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. cut their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group decreased their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. UBS Group dropped their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Citigroup decreased 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, March 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $13.00.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock traded down $0.33 during midday trading on Friday, reaching $10.74. 2,692,311 shares of the company traded hands, compared to its average volume of 1,958,032. Cushman & Wakefield has a 12 month low of $7.64 and a 12 month high of $16.11. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50 day moving average of $9.96 and a two-hundred day moving average of $11.30. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 15.56 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. The firm's revenue was up 4.6% compared to the same quarter last year. As a group, research analysts predict that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors have recently bought and sold shares of the business. Xponance Inc. increased its holdings in shares of Cushman & Wakefield by 9.4% in the fourth quarter. Xponance Inc. now owns 16,484 shares of the company's stock worth $216,000 after purchasing an additional 1,423 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Cushman & Wakefield by 1.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company's stock valued at $1,974,000 after buying an additional 1,769 shares in the last quarter. Rhumbline Advisers increased its stake in Cushman & Wakefield by 0.3% in the 4th quarter. Rhumbline Advisers now owns 714,630 shares of the company's stock worth $9,347,000 after acquiring an additional 1,958 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Cushman & Wakefield by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 78,751 shares of the company's stock worth $805,000 after acquiring an additional 2,070 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Cushman & Wakefield by 18.1% during the 1st quarter. Vident Advisory LLC now owns 17,310 shares of the company's stock valued at $177,000 after acquiring an additional 2,656 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

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.