Cushman & Wakefield (NYSE:CWK) Stock Rating Lowered by Jefferies Financial Group

Jefferies Financial Group cut shares of Cushman & Wakefield (NYSE:CWK) from a buy rating to a hold rating in a report released on Thursday morning, MarketBeat reports. The firm currently has $14.00 price objective on the stock, down from their previous price objective of $18.00.

A number of other brokerages also recently issued reports on CWK. JPMorgan Chase & Co. increased their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a research report on Friday, December 6th. They set a “sell” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Cushman & Wakefield currently has a consensus rating of “Hold” and a consensus target price of $15.50.

Cushman & Wakefield Stock Performance

CWK opened at $12.59 on Thursday. The firm has a fifty day moving average price of $14.23 and a 200 day moving average price of $13.05. Cushman & Wakefield has a 1 year low of $9.24 and a 1 year high of $16.11. The stock has a market cap of $2.89 billion, a P/E ratio of 34.03 and a beta of 1.32. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Cushman & Wakefield will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds and other institutional investors have recently made changes to their positions in CWK. Vaughan Nelson Investment Management L.P. grew its stake in Cushman & Wakefield by 83.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after acquiring an additional 5,171,340 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Cushman & Wakefield by 31.2% during the 2nd quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock worth $108,108,000 after purchasing an additional 2,469,831 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Cushman & Wakefield by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after purchasing an additional 1,910,212 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Cushman & Wakefield by 737.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company’s stock valued at $27,023,000 after purchasing an additional 1,745,986 shares in the last quarter. Finally, Granite Investment Partners LLC acquired a new stake in shares of Cushman & Wakefield in the second quarter valued at approximately $13,998,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.