Cushman & Wakefield (NYSE:CWK) Given New $12.00 Price Target at Citigroup

Cushman & Wakefield (NYSE:CWK) had its price target lowered by Citigroup from $16.00 to $12.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their target price for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group decreased their target price on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.10.

Cushman & Wakefield Stock Up 0.4 %

CWK stock opened at $10.51 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. Cushman & Wakefield has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The firm’s 50-day simple moving average is $12.43 and its 200 day simple moving average is $13.23. The stock has a market cap of $2.41 billion, a PE ratio of 19.10 and a beta of 1.40.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. As a group, sell-side analysts predict that Cushman & Wakefield will post 1.2 EPS for the current year.

Institutional Trading of Cushman & Wakefield

A number of hedge funds have recently bought and sold shares of the company. KBC Group NV lifted its position in shares of Cushman & Wakefield by 31.7% in the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock worth $109,000 after purchasing an additional 1,915 shares in the last quarter. CIBC Asset Management Inc raised its position in Cushman & Wakefield by 10.5% during the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock valued at $205,000 after acquiring an additional 1,421 shares in the last quarter. Empowered Funds LLC raised its position in Cushman & Wakefield by 11.7% during the third quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock valued at $153,000 after acquiring an additional 1,180 shares in the last quarter. Natixis Advisors LLC raised its position in Cushman & Wakefield by 46.7% during the third quarter. Natixis Advisors LLC now owns 1,697,534 shares of the company’s stock valued at $23,137,000 after acquiring an additional 540,700 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in Cushman & Wakefield by 6.5% during the third quarter. Mutual of America Capital Management LLC now owns 34,479 shares of the company’s stock valued at $470,000 after acquiring an additional 2,102 shares in the last quarter. 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.