Cushman & Wakefield (NYSE:CWK) Hits New 1-Year Low Following Analyst Downgrade

Cushman & Wakefield plc (NYSE:CWK)’s stock price hit a new 52-week low during trading on Thursday after UBS Group lowered their price target on the stock from $14.00 to $9.00. UBS Group currently has a neutral rating on the stock. Cushman & Wakefield traded as low as $7.64 and last traded at $8.60, with a volume of 6847694 shares traded. The stock had previously closed at $8.15.

CWK has been the topic of several other research reports. Citigroup dropped their price target on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group dropped their target price on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research report on Wednesday, March 19th. 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, JPMorgan Chase & Co. lowered their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised 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 buying an additional 2,691 shares during the period. Blue Trust Inc. lifted its holdings in Cushman & Wakefield by 26.5% during the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after purchasing an additional 928 shares during the last quarter. Sterling Capital Management LLC boosted its position in Cushman & Wakefield by 820.3% during the fourth 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. Ieq Capital LLC acquired a new position in shares of Cushman & Wakefield in the fourth quarter valued at $135,000. Finally, Jones Financial Companies Lllp raised its position in shares of Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock valued at $146,000 after purchasing an additional 6,600 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Up 0.3 %

The company has a market cap of $1.84 billion, a price-to-earnings ratio of 14.57 and a beta of 1.26. 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 business’s 50 day moving average price is $11.05 and its 200-day moving average price is $12.76.

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

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.