Wall Street Zen Downgrades Cushman & Wakefield (NYSE:CWK) to Buy

Cushman & Wakefield (NYSE:CWK) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Several other equities analysts have also recently issued reports on the stock. Citizens Jmp boosted their price target on shares of Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a research report on Monday, November 3rd. Citigroup raised Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, November 20th. JMP Securities set a $19.00 target price on Cushman & Wakefield in a report on Monday, November 3rd. Zacks Research lowered Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Barclays restated a “positive” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a research note on Tuesday, January 13th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Cushman & Wakefield presently has a consensus rating of “Moderate Buy” and an average price target of $18.56.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $16.16 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39. The firm’s fifty day simple moving average is $16.21 and its 200 day simple moving average is $15.67. The stock has a market cap of $3.74 billion, a P/E ratio of 16.83 and a beta of 1.47. Cushman & Wakefield has a twelve month low of $7.64 and a twelve month high of $17.40.

Institutional Trading of Cushman & Wakefield

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Cushman & Wakefield by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,461 shares of the company’s stock worth $174,000 after buying an additional 600 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Cushman & Wakefield by 12.1% during the third quarter. Nisa Investment Advisors LLC now owns 6,201 shares of the company’s stock valued at $99,000 after acquiring an additional 667 shares in the last quarter. Amalgamated Bank raised its holdings in Cushman & Wakefield by 1.2% in the 3rd quarter. Amalgamated Bank now owns 66,655 shares of the company’s stock worth $1,061,000 after acquiring an additional 821 shares during the last quarter. GAMMA Investing LLC lifted its position in Cushman & Wakefield by 18.3% in the 3rd quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock valued at $89,000 after acquiring an additional 867 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Cushman & Wakefield by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,029 shares of the company’s stock valued at $859,000 after acquiring an additional 900 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.