The Goldman Sachs Group Lowers Cushman & Wakefield (NYSE:CWK) Price Target to $11.50

Cushman & Wakefield (NYSE:CWK - Free Report) had its target price cut by The Goldman Sachs Group from $13.00 to $11.50 in a report published on Wednesday,Benzinga reports. They currently have a sell rating on the stock.

A number of other equities analysts have also weighed in on CWK. Citigroup lowered their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. lifted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group downgraded shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their target price for the stock 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, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $14.10.

Cushman & Wakefield Price Performance

CWK traded down $0.16 on Wednesday, reaching $10.42. 3,997,174 shares of the company's stock were exchanged, compared to its average volume of 1,945,801. The stock has a market cap of $2.39 billion, a PE ratio of 18.94 and a beta of 1.40. Cushman & Wakefield has a twelve month low of $9.24 and a twelve month high of $16.11. The stock's fifty day moving average price is $12.37 and its 200-day moving average price is $13.20. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18.

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Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. Sell-side analysts expect that Cushman & Wakefield will post 1.2 EPS for the current year.

Hedge Funds Weigh In On Cushman & Wakefield

A number of institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Cushman & Wakefield during the fourth quarter worth about $1,778,000. Jefferies Financial Group Inc. purchased a new stake in shares of Cushman & Wakefield in the 4th quarter valued at approximately $2,498,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 acquiring an additional 1,084,940 shares during the period. Teza Capital Management LLC raised its stake in shares of Cushman & Wakefield by 124.4% in the 4th quarter. Teza Capital Management LLC now owns 62,797 shares of the company's stock valued at $821,000 after acquiring an additional 34,807 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of Cushman & Wakefield by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 69,020 shares of the company's stock valued at $903,000 after acquiring an additional 21,242 shares during the period. 95.56% of the stock is owned by hedge funds and other 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.