The Goldman Sachs Group Initiates Coverage on Cushman & Wakefield (NYSE:CWK)

Investment analysts at The Goldman Sachs Group started coverage on shares of Cushman & Wakefield (NYSE:CWK) in a research report issued on Friday, Marketbeat.com reports. The firm set a “sell” rating and a $15.00 price target on the stock. The Goldman Sachs Group’s price objective suggests a potential downside of 0.60% from the company’s previous close.

Cushman & Wakefield Trading Down 0.5 %

NYSE:CWK opened at $15.09 on Friday. The company has a 50-day moving average price of $13.88 and a 200-day moving average price of $12.63. Cushman & Wakefield has a 12 month low of $8.53 and a 12 month high of $16.11. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 40.78 and a beta of 1.32.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company posted $0.21 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that Cushman & Wakefield will post 0.88 EPS for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of Cushman & Wakefield by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 327,018 shares of the company’s stock worth $3,401,000 after purchasing an additional 43,941 shares during the period. Algert Global LLC lifted its position in Cushman & Wakefield by 821.0% during the 2nd quarter. Algert Global LLC now owns 698,944 shares of the company’s stock valued at $7,269,000 after acquiring an additional 623,054 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Cushman & Wakefield during the 3rd quarter valued at about $4,942,000. Natixis Advisors LLC lifted its position in Cushman & Wakefield by 8.9% during the 2nd quarter. Natixis Advisors LLC now owns 1,156,834 shares of the company’s stock valued at $12,031,000 after acquiring an additional 94,502 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Cushman & Wakefield by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock valued at $54,187,000 after acquiring an additional 301,186 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.