Cushman & Wakefield (NYSE:CWK) Price Target Cut to $12.00 by Analysts at Citigroup

Cushman & Wakefield (NYSE:CWK - Free Report) had its price target decreased by Citigroup from $16.00 to $12.00 in a report issued on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

CWK has been the subject of several other reports. Jefferies Financial Group lowered 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 report on Thursday, January 2nd. The Goldman Sachs Group lowered their target price on shares of Cushman & Wakefield from $14.50 to $13.00 and set a "sell" rating on the stock in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $14.10.

Cushman & Wakefield Stock Performance

CWK traded down $0.12 during trading on Monday, reaching $10.45. 667,472 shares of the company's stock were exchanged, compared to its average volume of 1,933,754. Cushman & Wakefield has a 1 year low of $9.24 and a 1 year high of $16.11. 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 stock has a market capitalization of $2.40 billion, a P/E ratio of 18.99 and a beta of 1.40. The company's fifty day simple moving average is $12.40 and its 200-day simple moving average is $13.21.

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Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $2.63 billion during 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%. As a group, research analysts predict that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of Cushman & Wakefield

Large investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Cushman & Wakefield in the 4th quarter worth about $1,778,000. Jefferies Financial Group Inc. purchased a new position in shares of Cushman & Wakefield in the 4th quarter worth about $2,498,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 worth $40,123,000 after purchasing an additional 1,084,940 shares during the period. Teza Capital Management LLC raised its holdings 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 worth $821,000 after purchasing an additional 34,807 shares during the period. Finally, ProShare Advisors LLC raised its holdings 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 worth $903,000 after purchasing an additional 21,242 shares during the period. Institutional investors and hedge funds 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.