Cushman & Wakefield (NYSE:CWK) Downgraded by Wall Street Zen to "Buy"

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

CWK has been the subject of several other research reports. Morgan Stanley set a $14.50 price target on Cushman & Wakefield and gave the stock an "overweight" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. dropped their target price on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, UBS Group upped their price target on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Cushman & Wakefield presently has a consensus rating of "Hold" and a consensus target price of $13.43.

Cushman & Wakefield Price Performance

NYSE CWK opened at $11.19 on Friday. The business's fifty day moving average is $10.71 and its 200 day moving average is $10.99. 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 quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $2.59 billion, a PE ratio of 16.22 and a beta of 1.43.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC raised its position in shares of Cushman & Wakefield by 820.3% during the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after buying an additional 6,431 shares during the period. EP Wealth Advisors LLC purchased a new stake in Cushman & Wakefield in the first quarter valued at $102,000. DRW Securities LLC purchased a new stake in Cushman & Wakefield in the first quarter valued at $109,000. Sage Rhino Capital LLC acquired a new position in shares of Cushman & Wakefield in the 2nd quarter valued at $115,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Cushman & Wakefield during the 2nd quarter worth $129,000. 95.56% of the stock is owned by hedge funds and other 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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