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

Cushman & Wakefield (NYSE:CWK) had its price target dropped by investment analysts at The Goldman Sachs Group from $13.00 to $11.50 in a report released on Wednesday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 9.21% from the company’s previous close.

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

Cushman & Wakefield Stock Down 1.8 %

Shares of NYSE CWK opened at $10.53 on Wednesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 19.13 and a beta of 1.40. The stock has a 50 day moving average price of $12.46 and a 200 day moving average price of $13.25. Cushman & Wakefield has a 52-week low of $9.24 and a 52-week high of $16.11.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly 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. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Sell-side analysts expect that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CWK. Smartleaf Asset Management LLC grew its position in Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after purchasing an additional 2,691 shares during the period. Blue Trust Inc. grew its position in Cushman & Wakefield by 26.5% during the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after purchasing an additional 928 shares during the period. Sterling Capital Management LLC grew its position in Cushman & Wakefield by 820.3% during the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock worth $94,000 after purchasing an additional 6,431 shares during the period. KBC Group NV grew its position in Cushman & Wakefield by 31.7% during the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock worth $109,000 after purchasing an additional 1,915 shares during the period. Finally, Ieq Capital LLC acquired a new stake in Cushman & Wakefield during the 4th quarter worth about $135,000. 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.