Cushman & Wakefield (NYSE:CWK) Price Target Lowered to $11.50 at The Goldman Sachs Group

Cushman & Wakefield (NYSE:CWK) had its price target reduced by investment analysts at The Goldman Sachs Group from $13.00 to $11.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 9.21% from the company’s current price.

Several other analysts have also commented on CWK. Citigroup reduced their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.10.

Cushman & Wakefield Stock Down 1.8 %

CWK stock opened at $10.53 on Wednesday. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 19.13 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. Cushman & Wakefield has a 12 month low of $9.24 and a 12 month high of $16.11. The firm has a 50-day moving average of $12.46 and a two-hundred day moving average of $13.25.

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

Hedge Funds Weigh In On Cushman & Wakefield

Several large investors have recently bought and sold shares of CWK. Smartleaf Asset Management LLC boosted its stake in Cushman & Wakefield by 264.3% in the fourth 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. Blue Trust Inc. boosted its stake in Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after acquiring an additional 928 shares in the last quarter. Sterling Capital Management LLC boosted 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 acquiring an additional 6,431 shares in the last quarter. KBC Group NV boosted 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 acquiring an additional 1,915 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in Cushman & Wakefield in the fourth quarter valued at $135,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

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.