Citigroup Cuts Cushman & Wakefield (NYSE:CWK) Price Target to $12.00

Cushman & Wakefield (NYSE:CWK) had its price objective cut by Citigroup from $16.00 to $12.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

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

Cushman & Wakefield Trading Up 0.4 %

NYSE:CWK opened at $10.51 on Monday. The firm has a market cap of $2.41 billion, a P/E ratio of 19.10 and a beta of 1.40. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The stock’s 50 day simple moving average is $12.43 and its 200-day simple moving average is $13.23. Cushman & Wakefield has a 12-month low of $9.24 and a 12-month high of $16.11.

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

Institutional Investors Weigh In On Cushman & Wakefield

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Channing Capital Management LLC purchased a new stake in shares of Cushman & Wakefield in the fourth quarter worth about $61,732,000. Norges Bank purchased a new position in Cushman & Wakefield in the fourth quarter valued at about $38,720,000. Raymond James Financial Inc. purchased a new position in Cushman & Wakefield in the fourth quarter valued at about $25,964,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Cushman & Wakefield by 737.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company’s stock valued at $27,023,000 after purchasing an additional 1,745,986 shares during the last quarter. Finally, Next Century Growth Investors LLC purchased a new position in Cushman & Wakefield in the fourth quarter valued at about $16,580,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

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.