Cushman & Wakefield (NYSE:CWK) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Cushman & Wakefield (NYSE:CWK) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other research analysts have also recently issued reports about the company. Morgan Stanley reiterated an “overweight” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a research note on Friday, January 16th. Barclays dropped their price target on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Wolfe Research upgraded Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price target for the company in a research note on Monday, February 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

Cushman & Wakefield Stock Up 1.2%

NYSE CWK opened at $12.64 on Friday. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $17.40. The stock has a market capitalization of $2.93 billion, a PE ratio of 33.25 and a beta of 1.49. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day moving average price of $13.42 and a two-hundred day moving average price of $15.12.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly 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. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the company earned $0.48 EPS. Cushman & Wakefield’s revenue was up 10.8% compared to the same quarter last year. Equities analysts expect that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of Cushman & Wakefield

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its holdings in Cushman & Wakefield by 22.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 25,106 shares of the company’s stock valued at $406,000 after purchasing an additional 4,539 shares during the period. Summit Global Investments acquired a new stake in Cushman & Wakefield in the fourth quarter valued at $1,213,000. Caitlin John LLC acquired a new stake in Cushman & Wakefield in the fourth quarter valued at $195,000. EP Wealth Advisors LLC acquired a new stake in Cushman & Wakefield in the fourth quarter valued at $466,000. Finally, XTX Topco Ltd increased its holdings in Cushman & Wakefield by 50.6% in the fourth quarter. XTX Topco Ltd now owns 103,631 shares of the company’s stock valued at $1,678,000 after purchasing an additional 34,805 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

About Cushman & Wakefield

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.