Cushman & Wakefield (NYSE:CWK) Hits New 1-Year Low – Time to Sell?

Cushman & Wakefield plc (NYSE:CWK)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $8.50 and last traded at $9.03, with a volume of 1641 shares changing hands. The stock had previously closed at $9.44.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price target for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. Citigroup reduced their target price on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, March 17th. The Goldman Sachs Group dropped their price target on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. boosted their price objective 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cushman & Wakefield currently has an average rating of “Hold” and an average target price of $14.10.

Cushman & Wakefield Price Performance

The company has a market cap of $2.06 billion, a price-to-earnings ratio of 16.34 and a beta of 1.26. The company’s 50 day moving average price is $11.80 and its 200 day moving average price is $13.01. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67.

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

Hedge Funds Weigh In On Cushman & Wakefield

A number of large investors have recently made changes to their positions in CWK. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Cushman & Wakefield in the fourth quarter valued at about $1,778,000. Jefferies Financial Group Inc. acquired a new stake in shares of Cushman & Wakefield in the 4th quarter worth approximately $2,498,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cushman & Wakefield by 54.7% in 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 valued at $40,123,000 after purchasing an additional 1,084,940 shares in the last quarter. Teza Capital Management LLC boosted its position in Cushman & Wakefield by 124.4% during the fourth 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 in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Cushman & Wakefield by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 69,020 shares of the company’s stock valued at $903,000 after purchasing an additional 21,242 shares during the last quarter. 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.