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

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

Several other research analysts have also recently commented on the company. Morgan Stanley set a $14.50 target price on Cushman & Wakefield and gave the stock an "overweight" rating in a research report on Thursday, June 12th. The Goldman Sachs Group dropped their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. Citigroup dropped their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. JPMorgan Chase & Co. decreased their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group decreased their price target on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. One 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, Cushman & Wakefield has an average rating of "Hold" and an average price target of $13.00.

Cushman & Wakefield Price Performance

NYSE CWK opened at $10.51 on Friday. The firm has a market cap of $2.43 billion, a P/E ratio of 15.22 and a beta of 1.43. The stock's 50-day moving average is $9.80 and its two-hundred day moving average is $11.36. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week 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.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. Cushman & Wakefield's quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts anticipate that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CWK. JPMorgan Chase & Co. raised its holdings in Cushman & Wakefield by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock worth $179,204,000 after buying an additional 806,684 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Cushman & Wakefield by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 12,064,891 shares of the company's stock worth $123,300,000 after purchasing an additional 478,484 shares in the last quarter. Victory Capital Management Inc. grew its position in Cushman & Wakefield by 2.1% in the first quarter. Victory Capital Management Inc. now owns 9,380,276 shares of the company's stock valued at $95,866,000 after purchasing an additional 194,970 shares in the last quarter. Channing Capital Management LLC raised its holdings in Cushman & Wakefield by 13.8% during the first quarter. Channing Capital Management LLC now owns 5,369,263 shares of the company's stock worth $54,874,000 after acquiring an additional 649,705 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Cushman & Wakefield by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,027,744 shares of the company's stock valued at $52,683,000 after purchasing an additional 52,178 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

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.

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