The Goldman Sachs Group Issues Pessimistic Forecast for Cushman & Wakefield (NYSE:CWK) Stock Price

Cushman & Wakefield (NYSE:CWK) had its price objective lowered by stock analysts at The Goldman Sachs Group from $13.00 to $11.50 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 9.06% from the company’s previous close.

A number of other brokerages have also commented on CWK. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Finally, Citigroup reduced their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.10.

Cushman & Wakefield Trading Up 0.4 %

NYSE:CWK opened at $10.55 on Wednesday. The company has a market capitalization of $2.42 billion, a P/E ratio of 19.17 and a beta of 1.40. 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 has a 12 month low of $9.24 and a 12 month high of $16.11. The firm has a fifty day simple moving average of $12.40 and a 200-day simple moving average of $13.21.

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

Institutional Investors Weigh In On Cushman & Wakefield

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Cushman & Wakefield by 6.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company’s stock valued at $179,204,000 after purchasing an additional 806,684 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in Cushman & Wakefield by 9.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company’s stock valued at $163,164,000 after buying an additional 1,094,260 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Cushman & Wakefield by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company’s stock worth $151,551,000 after acquiring an additional 736,955 shares during the period. State Street Corp boosted its stake in shares of Cushman & Wakefield by 9.8% during the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after acquiring an additional 756,966 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after acquiring an additional 395,652 shares during the period. Institutional investors and hedge funds 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.