Citigroup Has Lowered Expectations for Cushman & Wakefield (NYSE:CWK) Stock Price

Cushman & Wakefield (NYSE:CWK) had its price objective lowered by Citigroup from $16.00 to $12.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 14.55% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their target price for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group lowered their target price on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. increased their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.40.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK opened at $10.48 on Monday. The firm has a market capitalization of $2.41 billion, a PE ratio of 19.05 and a beta of 1.40. 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 business has a 50-day moving average of $12.46 and a two-hundred day moving average of $13.25. Cushman & Wakefield has a 12 month low of $9.24 and a 12 month high of $16.11.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. As a group, research analysts forecast that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after purchasing an additional 2,691 shares during the last quarter. Blue Trust Inc. boosted its holdings in Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after purchasing an additional 928 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Cushman & Wakefield by 820.3% in the fourth 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 during the last quarter. KBC Group NV boosted its holdings in Cushman & Wakefield by 31.7% in the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after purchasing an additional 1,915 shares during the last quarter. Finally, Ieq Capital LLC purchased a new position in Cushman & Wakefield in the fourth quarter valued at about $135,000. 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.