Citigroup Lowers Cushman & Wakefield (NYSE:CWK) Price Target to $12.00

Cushman & Wakefield (NYSE:CWK) had its target price reduced by Citigroup from $16.00 to $12.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 12.31% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group decreased their price target on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a research note on Friday, February 21st. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.40.

Cushman & Wakefield Stock Down 0.0 %

Shares of NYSE CWK traded down $0.01 during trading on Monday, hitting $10.69. The stock had a trading volume of 926,032 shares, compared to its average volume of 1,931,192. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The firm has a fifty day moving average of $12.54 and a two-hundred day moving average of $13.28. Cushman & Wakefield has a 12 month low of $9.24 and a 12 month high of $16.11. The company has a market capitalization of $2.45 billion, a PE ratio of 19.41 and a beta of 1.40.

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

Institutional Investors Weigh In On Cushman & Wakefield

Large investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Cushman & Wakefield in the fourth quarter worth about $1,778,000. Jefferies Financial Group Inc. bought a new position in shares of Cushman & Wakefield in the 4th quarter worth approximately $2,498,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Cushman & Wakefield by 54.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company’s stock valued at $40,123,000 after purchasing an additional 1,084,940 shares during the period. Teza Capital Management LLC boosted its position in shares of Cushman & Wakefield by 124.4% during the fourth quarter. Teza Capital Management LLC now owns 62,797 shares of the company’s stock valued at $821,000 after purchasing an additional 34,807 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in Cushman & Wakefield by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 69,020 shares of the company’s stock worth $903,000 after purchasing an additional 21,242 shares during the period. 95.56% of the stock is currently owned by institutional investors.

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.