Cushman & Wakefield plc (NYSE:CWK - Get Free Report)'s share price hit a new 52-week low during trading on Thursday after UBS Group lowered their price target on the stock from $14.00 to $9.00. UBS Group currently has a neutral rating on the stock. Cushman & Wakefield traded as low as $7.64 and last traded at $8.60, with a volume of 6847694 shares changing hands. The stock had previously closed at $8.15.
CWK has been the topic of several other reports. Citigroup cut their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. cut their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group lowered their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group downgraded 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. One equities research 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, the stock currently has an average rating of "Hold" and a consensus target price of $12.75.
Read Our Latest Stock Analysis on Cushman & Wakefield
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of CWK. Smartleaf Asset Management LLC increased its position in Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock worth $48,000 after purchasing an additional 2,691 shares during the period. Blue Trust Inc. grew its holdings in shares of Cushman & Wakefield by 26.5% in the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock worth $60,000 after acquiring an additional 928 shares during the period. Sterling Capital Management LLC increased its stake in Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after purchasing an additional 6,431 shares in the last quarter. Ieq Capital LLC purchased a new stake in Cushman & Wakefield during the fourth quarter worth $135,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Cushman & Wakefield by 143.9% in the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after buying an additional 6,600 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.
Cushman & Wakefield Stock Up 0.0 %
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 firm's 50-day moving average price is $10.94 and its 200 day moving average price is $12.71. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 15.04 and a beta of 1.26.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued 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 the consensus estimate 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 plc will post 1.2 EPS for the current year.
About Cushman & Wakefield
(
Get Free Report)
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.
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