Cushman & Wakefield (NYSE:CWK) Given New $13.00 Price Target at The Goldman Sachs Group

Cushman & Wakefield (NYSE:CWK - Get Free Report) had its price target lowered by investment analysts at The Goldman Sachs Group from $14.50 to $13.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's price objective would suggest a potential upside of 9.47% from the stock's current price.

A number of other research firms have also recently issued reports on CWK. Jefferies Financial Group cut Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. 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 report on Monday, December 16th. One investment 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's stock. According to MarketBeat, Cushman & Wakefield presently has an average rating of "Hold" and a consensus target price of $15.00.

Cushman & Wakefield Stock Performance

NYSE CWK traded up $0.14 during midday trading on Friday, hitting $11.88. The company had a trading volume of 1,828,951 shares, compared to its average volume of 1,613,013. The firm has a fifty day simple moving average of $13.05 and a two-hundred day simple moving average of $13.42. Cushman & Wakefield has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 21.59 and a beta of 1.34.

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Cushman & Wakefield (NYSE:CWK - Get Free Report) last released 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. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The business had revenue of $2.63 billion during the quarter, compared to analysts' expectations of $2.67 billion. Equities analysts forecast that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cushman & Wakefield by 54.7% during the fourth 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 acquiring an additional 1,084,940 shares in the last quarter. Teza Capital Management LLC grew 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 last quarter. ProShare Advisors LLC increased its position in shares of Cushman & Wakefield by 44.5% during 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 in the last quarter. Nuveen Asset Management LLC increased its position in shares of Cushman & Wakefield by 37.9% during the 4th quarter. Nuveen Asset Management LLC now owns 800,888 shares of the company's stock worth $10,476,000 after purchasing an additional 219,990 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Cushman & Wakefield by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,332 shares of the company's stock valued at $1,705,000 after purchasing an additional 4,963 shares during the last quarter. 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.