Cushman & Wakefield (NYSE:CWK) Sets New 52-Week Low - Should You Sell?

Cushman & Wakefield plc (NYSE:CWK - Get Free Report)'s stock price hit a new 52-week low on Friday . The company traded as low as $8.50 and last traded at $9.03, with a volume of 1641 shares traded. The stock had previously closed at $9.44.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CWK. The Goldman Sachs Group lowered their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. Citigroup lowered their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Jefferies Financial Group lowered Cushman & Wakefield from a "buy" rating to a "hold" rating and cut their price target for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upped their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. One 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 MarketBeat, Cushman & Wakefield has an average rating of "Hold" and a consensus target price of $14.10.

Cushman & Wakefield Price Performance

The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The firm has a market capitalization of $1.93 billion, a P/E ratio of 15.23 and a beta of 1.26. The business has a 50 day simple moving average of $11.47 and a two-hundred day simple moving average of $12.90.

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Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $2.63 billion during the quarter, compared to analysts' expectations of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. On average, sell-side analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Cushman & Wakefield

A number of large investors have recently added to or reduced their stakes in CWK. Vestcor Inc boosted its holdings in shares of Cushman & Wakefield by 316.7% in the 4th quarter. Vestcor Inc now owns 70,529 shares of the company's stock worth $923,000 after purchasing an additional 53,602 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new stake in Cushman & Wakefield in the fourth quarter worth approximately $1,003,000. JPMorgan Chase & Co. grew its position in Cushman & Wakefield by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after acquiring an additional 806,684 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Cushman & Wakefield during the fourth quarter worth approximately $318,000. Finally, Channing Capital Management LLC bought a new stake in Cushman & Wakefield in the fourth quarter worth $61,732,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

About Cushman & Wakefield

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.