The Goldman Sachs Group Lowers Cushman & Wakefield (NYSE:CWK) Price Target to $13.00

Cushman & Wakefield (NYSE:CWK) had its price objective dropped by stock analysts at The Goldman Sachs Group from $14.50 to $13.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 11.35% from the company’s current price.

Several other equities research analysts have also commented on the company. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price objective for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.00.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $11.68 on Friday. Cushman & Wakefield has a 12 month low of $9.24 and a 12 month high of $16.11. The stock has a 50 day moving average of $13.12 and a two-hundred day moving average of $13.42. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The firm has a market cap of $2.68 billion, a P/E ratio of 21.23 and a beta of 1.34.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.67 billion. On average, analysts expect that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Cushman & Wakefield by 54.7% during 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 last quarter. Teza Capital Management LLC boosted its holdings in shares of Cushman & Wakefield by 124.4% during 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 boosted its holdings 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 during the last quarter. Nuveen Asset Management LLC lifted its holdings in Cushman & Wakefield by 37.9% in the fourth quarter. Nuveen Asset Management LLC now owns 800,888 shares of the company’s stock valued at $10,476,000 after acquiring an additional 219,990 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Cushman & Wakefield by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,332 shares of the company’s stock valued at $1,705,000 after acquiring an additional 4,963 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

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.