Cushman & Wakefield (NYSE:CWK) Downgraded by Zacks Investment Research

Share on StockTwits

Zacks Investment Research lowered shares of Cushman & Wakefield (NYSE:CWK) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Cushman & Wakefield plc is a real estate services firm. The Company acquires and develops commercial properties as well as provides property leasing, facilities management, tenant representation and valuation services. Cushman & Wakefield plc is based in Chicago, United States. “

CWK stock opened at $18.36 on Tuesday. Cushman & Wakefield has a fifty-two week low of $13.25 and a fifty-two week high of $19.79. The stock’s 50 day moving average price is $17.79. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $3.92 billion and a P/E ratio of -16.84.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.93 billion. Cushman & Wakefield had a positive return on equity of 10.36% and a negative net margin of 1.43%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts forecast that Cushman & Wakefield will post 0.71 earnings per share for the current year.

In related news, insider W Brett White sold 44,675 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $18.00, for a total value of $804,150.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of Cushman & Wakefield in the 1st quarter worth approximately $132,000. BNP Paribas Arbitrage SA grew its stake in shares of Cushman & Wakefield by 1,139.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 15,629 shares of the company’s stock worth $278,000 after buying an additional 14,368 shares during the last quarter. WINTON GROUP Ltd grew its stake in shares of Cushman & Wakefield by 22.0% in the 2nd quarter. WINTON GROUP Ltd now owns 16,117 shares of the company’s stock worth $288,000 after buying an additional 2,906 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Cushman & Wakefield in the 4th quarter worth approximately $372,000. Finally, American International Group Inc. grew its stake in shares of Cushman & Wakefield by 2.7% in the 4th quarter. American International Group Inc. now owns 30,955 shares of the company’s stock worth $448,000 after buying an additional 821 shares during the last quarter. Institutional investors own 41.50% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

Featured Story: What is a management fee?

Get a free copy of the Zacks research report on Cushman & Wakefield (CWK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Cushman & Wakefield (NYSE:CWK)

Receive News & Ratings for Cushman & Wakefield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cushman & Wakefield and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.