Cushman & Wakefield (NYSE:CWK) Cut to "Hold" at Jefferies Financial Group

Jefferies Financial Group cut shares of Cushman & Wakefield (NYSE:CWK - Free Report) from a buy rating to a hold rating in a report released on Thursday, Marketbeat reports. They currently have $14.00 price objective on the stock, down from their prior price objective of $18.00.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. raised their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. The Goldman Sachs Group initiated coverage on Cushman & Wakefield in a report on Friday, December 6th. They set a "sell" rating and a $15.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $15.50.

Cushman & Wakefield Trading Down 3.7 %

NYSE:CWK traded down $0.49 during mid-day trading on Thursday, hitting $12.59. The company had a trading volume of 1,201,298 shares, compared to its average volume of 2,110,612. The firm has a market cap of $2.89 billion, a P/E ratio of 34.03 and a beta of 1.32. Cushman & Wakefield has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The business's fifty day moving average is $14.23 and its two-hundred day moving average is $13.05. 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 (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. Cushman & Wakefield's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 EPS. As a group, research analysts expect that Cushman & Wakefield will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock valued at $77,656,000 after acquiring an additional 395,652 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Cushman & Wakefield by 15.5% in the second quarter. American Century Companies Inc. now owns 327,018 shares of the company's stock valued at $3,401,000 after purchasing an additional 43,941 shares during the last quarter. Algert Global LLC lifted its position in shares of Cushman & Wakefield by 821.0% in the second quarter. Algert Global LLC now owns 698,944 shares of the company's stock worth $7,269,000 after purchasing an additional 623,054 shares in the last quarter. State Street Corp boosted its holdings in Cushman & Wakefield by 9.8% during the third quarter. State Street Corp now owns 8,463,595 shares of the company's stock worth $115,359,000 after purchasing an additional 756,966 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Cushman & Wakefield in the third quarter valued at $4,942,000. 95.56% of the stock is owned by institutional investors and hedge funds.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.