Cushman & Wakefield (NYSE:CWK) Price Target Cut to $13.00 by Analysts at The Goldman Sachs Group

Cushman & Wakefield (NYSE:CWK) had its target price trimmed by The Goldman Sachs Group from $14.50 to $13.00 in a research note released on Friday,Benzinga reports. The firm currently has a sell rating on the stock.

Several other research firms have also recently commented on CWK. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their target price for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. increased their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Cushman & Wakefield has a consensus rating of “Hold” and a consensus price target of $15.00.

Cushman & Wakefield Stock Down 4.6 %

NYSE CWK opened at $11.68 on Friday. The stock has a market cap of $2.68 billion, a PE ratio of 31.55 and a beta of 1.34. Cushman & Wakefield has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The business has a 50 day moving average price of $13.12 and a two-hundred day moving average price of $13.41. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. As a group, sell-side analysts predict that Cushman & Wakefield will post 0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after acquiring an additional 2,027 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after acquiring an additional 2,691 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Cushman & Wakefield by 820.3% in the fourth 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 last quarter. KBC Group NV lifted its stake in Cushman & Wakefield by 31.7% in the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after buying an additional 1,915 shares during the last quarter. Finally, CWM LLC lifted its stake in Cushman & Wakefield by 67.6% in the third quarter. CWM LLC now owns 9,167 shares of the company’s stock valued at $125,000 after buying an additional 3,699 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

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.