Zacks Investment Research downgraded shares of Cushman & Wakefield (NYSE:CWK) from a hold rating to a sell rating in a report released on Monday.
According to Zacks, “Cushman & Wakefield plc is a real estate services firm. The Company acquires and develops commercial properties as well as provides property leasing, facilities management, tenant representation and valuation services. Cushman & Wakefield plc is based in Chicago, United States. “
Separately, Barclays reaffirmed a buy rating and issued a $19.00 target price on shares of Cushman & Wakefield in a research note on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Cushman & Wakefield has a consensus rating of Buy and an average price target of $20.00.
Shares of CWK traded up $0.01 during midday trading on Monday, reaching $15.45. The company had a trading volume of 1,000 shares, compared to its average volume of 573,695. Cushman & Wakefield has a 1-year low of $13.25 and a 1-year high of $19.45. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.88.
Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Tuesday, November 13th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.27. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, research analysts predict that Cushman & Wakefield will post -1.01 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in shares of Cushman & Wakefield during the 3rd quarter worth $170,000. Strs Ohio purchased a new position in shares of Cushman & Wakefield during the 3rd quarter worth $220,000. Verition Fund Management LLC purchased a new position in shares of Cushman & Wakefield during the 3rd quarter worth $310,000. Hsbc Holdings PLC purchased a new position in shares of Cushman & Wakefield during the 3rd quarter worth $436,000. Finally, American International Group Inc. purchased a new position in shares of Cushman & Wakefield during the 3rd quarter worth $512,000. Institutional investors and hedge funds own 26.19% of the company’s stock.
About Cushman & Wakefield
Cushman & Wakefield plc provides commercial real estate services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.
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