Cushman & Wakefield (NYSE:CWK) Price Target Lowered to $14.00 at JPMorgan Chase & Co.

Cushman & Wakefield (NYSE:CWK) had its price objective trimmed by JPMorgan Chase & Co. from $17.00 to $14.00 in a report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on the stock. Citigroup dropped their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. The Goldman Sachs Group decreased their price target on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their price target for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Cushman & Wakefield currently has an average rating of “Hold” and a consensus target price of $13.50.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $8.06 on Thursday. The firm has a 50-day moving average price of $11.16 and a two-hundred day moving average price of $12.80. Cushman & Wakefield has a 12-month low of $7.64 and a 12-month high of $16.11. The company has a market capitalization of $1.85 billion, a P/E ratio of 14.65 and a beta of 1.26. 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 (NYSE:CWK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The business 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 12.62% and a net margin of 1.39%. Analysts anticipate that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Cushman & Wakefield by 840.1% during the first quarter. GAMMA Investing LLC now owns 55,106 shares of the company’s stock worth $5,392,000 after purchasing an additional 49,244 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Cushman & Wakefield in the 4th quarter worth approximately $1,778,000. Jefferies Financial Group Inc. bought a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $2,498,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Cushman & Wakefield by 54.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company’s stock worth $40,123,000 after acquiring an additional 1,084,940 shares during the period. Finally, Teza Capital Management LLC boosted its position in Cushman & Wakefield by 124.4% in the fourth quarter. Teza Capital Management LLC now owns 62,797 shares of the company’s stock worth $821,000 after purchasing an additional 34,807 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.