Cushman & Wakefield (NYSE:CWK) Given New $11.50 Price Target at The Goldman Sachs Group

Cushman & Wakefield (NYSE:CWK) had its price target reduced by equities researchers at The Goldman Sachs Group from $13.00 to $11.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 9.06% from the company’s current price.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their price objective for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. Finally, Citigroup dropped their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Cushman & Wakefield currently has a consensus rating of “Hold” and an average price target of $14.10.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $10.55 on Wednesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The stock has a market capitalization of $2.42 billion, a PE ratio of 19.17 and a beta of 1.40. Cushman & Wakefield has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The company has a fifty day moving average of $12.40 and a two-hundred day moving average of $13.21.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping 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 firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, research analysts forecast that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

Institutional investors have recently added to or reduced their stakes in the stock. Vestcor Inc increased its stake in shares of Cushman & Wakefield by 316.7% in the 4th quarter. Vestcor Inc now owns 70,529 shares of the company’s stock worth $923,000 after acquiring an additional 53,602 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $318,000. Channing Capital Management LLC acquired a new stake in Cushman & Wakefield during the fourth quarter worth about $61,732,000. Geode Capital Management LLC raised its stake in Cushman & Wakefield by 7.5% during the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after purchasing an additional 395,652 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Cushman & Wakefield by 264.3% during the fourth 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. Hedge funds and other 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.