Cushman & Wakefield (NYSE:CWK) Given New $9.00 Price Target at UBS Group

Cushman & Wakefield (NYSE:CWK - Free Report) had its price objective trimmed by UBS Group from $14.00 to $9.00 in a report published on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

CWK has been the topic of several other reports. JPMorgan Chase & Co. lowered their price target on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Citigroup reduced their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Jefferies Financial Group downgraded Cushman & Wakefield from a "buy" rating to a "hold" rating and decreased their target price for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group cut their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a report on Wednesday, March 19th. 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. According to MarketBeat.com, Cushman & Wakefield has an average rating of "Hold" and a consensus target price of $12.75.

Cushman & Wakefield Trading Down 0.5 %

CWK stock traded down $0.05 during trading on Friday, reaching $8.23. The company had a trading volume of 3,057,536 shares, compared to its average volume of 2,078,184. The business has a 50 day moving average of $10.94 and a 200 day moving average of $12.71. 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 company has a market cap of $1.89 billion, a P/E ratio of 14.95 and a beta of 1.26. Cushman & Wakefield has a 52 week low of $7.64 and a 52 week high of $16.11.

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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 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, sell-side analysts forecast that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Channing Capital Management LLC bought a new stake in shares of Cushman & Wakefield in the 4th quarter valued at approximately $61,732,000. Norges Bank bought a new position in Cushman & Wakefield during the fourth quarter valued at $38,720,000. Raymond James Financial Inc. purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at $25,964,000. Next Century Growth Investors LLC bought a new stake in shares of Cushman & Wakefield in the 4th quarter worth about $16,580,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Cushman & Wakefield by 579.8% in the 4th quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock worth $16,952,000 after acquiring an additional 1,105,355 shares during the last quarter. Institutional investors 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.