Cushman & Wakefield (NYSE:CWK) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of Cushman & Wakefield (NYSE:CWK) from a strong-buy rating to a buy rating in a research report report published on Monday morning.

Other equities analysts have also issued reports about the stock. Morgan Stanley reiterated an “overweight” rating and set a $19.00 target price on shares of Cushman & Wakefield in a report on Friday, January 16th. Barclays reissued a “positive” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a report on Tuesday, January 13th. Zacks Research downgraded Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, November 20th. Finally, Wolfe Research upgraded shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Monday, February 9th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.56.

Cushman & Wakefield Price Performance

CWK opened at $12.91 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 33.97 and a beta of 1.47. The stock has a fifty day simple moving average of $15.75 and a two-hundred day simple moving average of $15.76. Cushman & Wakefield has a 12-month low of $7.64 and a 12-month high of $17.40.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Thursday, February 19th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. Research analysts predict that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in Cushman & Wakefield by 126.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after buying an additional 1,321 shares during the period. First Horizon Corp bought a new stake in shares of Cushman & Wakefield in the 3rd quarter worth about $32,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Cushman & Wakefield during the 4th quarter worth about $32,000. Caitong International Asset Management Co. Ltd grew its holdings in Cushman & Wakefield by 184.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock valued at $33,000 after purchasing an additional 1,318 shares during the last quarter. Finally, Quarry LP increased its stake in Cushman & Wakefield by 4,473.5% in the third quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 2,192 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.