Cushman & Wakefield (NYSE:CWK) Price Target Lowered to $15.00 at Barclays

Cushman & Wakefield (NYSE:CWK) had its target price decreased by Barclays from $19.00 to $15.00 in a report published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other analysts have also recently issued research reports about the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a report on Friday, January 16th. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a report on Monday, February 9th. Wall Street Zen cut shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Finally, Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, November 20th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.06.

Cushman & Wakefield Trading Up 2.0%

Cushman & Wakefield stock opened at $12.13 on Friday. The stock has a market cap of $2.81 billion, a P/E ratio of 31.92 and a beta of 1.49. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $17.40. The firm’s fifty day moving average price is $14.86 and its 200-day moving average price is $15.57. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.10 and a current ratio of 1.10.

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

Hedge Funds Weigh In On Cushman & Wakefield

Several institutional investors have recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC grew its position in Cushman & Wakefield by 135.6% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 180,645 shares of the company’s stock valued at $2,876,000 after acquiring an additional 103,968 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Cushman & Wakefield by 30.2% in the 3rd quarter. Federated Hermes Inc. now owns 897,293 shares of the company’s stock worth $14,285,000 after acquiring an additional 208,129 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Cushman & Wakefield by 486.1% in 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 last quarter. Channing Capital Management LLC purchased a new stake in shares of Cushman & Wakefield in the 3rd quarter valued at $55,665,000. Finally, Allspring Global Investments Holdings LLC boosted its stake 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 valued at $8,114,000 after purchasing an additional 206,537 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Company Profile

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.