Cushman & Wakefield (NYSE:CWK) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Cushman & Wakefield (NYSE:CWK) from a strong-buy rating to a buy rating in a research note released on Monday.

Other analysts have also issued reports about the company. Barclays reaffirmed a “positive” rating and issued a $19.00 price objective on shares of Cushman & Wakefield in a research note on Tuesday, January 13th. Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, November 20th. Citizens Jmp set a $19.00 price target on shares of Cushman & Wakefield in a report on Monday, November 3rd. Morgan Stanley reissued an “overweight” rating and issued a $19.00 price objective on shares of Cushman & Wakefield in a research note on Friday, January 16th. Finally, Zacks Research lowered shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cushman & Wakefield currently has an average rating of “Moderate Buy” and an average price target of $18.56.

Cushman & Wakefield Stock Up 1.4%

Shares of CWK opened at $13.77 on Monday. Cushman & Wakefield has a one year low of $7.64 and a one year high of $17.40. The company has a market cap of $3.19 billion, a P/E ratio of 36.23 and a beta of 1.47. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $15.68 and a two-hundred day simple moving average of $15.75.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. Research analysts forecast that Cushman & Wakefield will post 1.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Cushman & Wakefield

Several institutional investors and hedge funds have recently made changes to their positions in CWK. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Cushman & Wakefield by 135.6% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 180,645 shares of the company’s stock valued at $2,876,000 after purchasing an additional 103,968 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Cushman & Wakefield by 30.2% in the third quarter. Federated Hermes Inc. now owns 897,293 shares of the company’s stock valued at $14,285,000 after buying an additional 208,129 shares during the period. New York State Common Retirement Fund grew its holdings in Cushman & Wakefield by 486.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,117,297 shares of the company’s stock worth $17,787,000 after acquiring an additional 926,664 shares during the period. Channing Capital Management LLC acquired a new stake in Cushman & Wakefield during the 3rd quarter worth about $55,665,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Cushman & Wakefield by 68.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 508,086 shares of the company’s stock worth $8,114,000 after acquiring an additional 206,537 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.