The Goldman Sachs Group Has Lowered Expectations for Cushman & Wakefield (NYSE:CWK) Stock Price

Cushman & Wakefield (NYSE:CWK) had its price objective lowered by research analysts at The Goldman Sachs Group from $14.50 to $13.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 8.28% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.00.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock traded down $0.23 on Friday, reaching $12.01. The stock had a trading volume of 659,216 shares, compared to its average volume of 1,483,196. The business’s 50-day moving average price is $13.18 and its two-hundred day moving average price is $13.41. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The stock has a market cap of $2.76 billion, a P/E ratio of 32.50 and a beta of 1.34.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. On average, sell-side analysts forecast that Cushman & Wakefield will post 0.91 EPS for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in Cushman & Wakefield by 137.5% in the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after buying an additional 2,027 shares during the period. Smartleaf Asset Management LLC lifted its position in Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after buying an additional 2,691 shares in the last quarter. Sterling Capital Management LLC lifted its position in Cushman & Wakefield by 820.3% during the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock worth $94,000 after buying an additional 6,431 shares in the last quarter. KBC Group NV lifted its position in Cushman & Wakefield by 31.7% during the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after purchasing an additional 1,915 shares during the period. Finally, CWM LLC boosted its stake in shares of Cushman & Wakefield by 67.6% in the 3rd quarter. CWM LLC now owns 9,167 shares of the company’s stock valued at $125,000 after purchasing an additional 3,699 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

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.