Cushman & Wakefield (NYSE:CWK) Price Target Cut to $14.00 by Analysts at Morgan Stanley

Cushman & Wakefield (NYSE:CWK) had its price objective decreased by Morgan Stanley from $15.00 to $14.00 in a research note published on Thursday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other equities analysts have also commented on CWK. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price objective for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. UBS Group reduced their price objective on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group decreased their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research report on Wednesday, March 19th. Citigroup dropped their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. decreased their price target on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.93.

Cushman & Wakefield Price Performance

CWK stock opened at $8.81 on Thursday. The company has a market capitalization of $2.02 billion, a P/E ratio of 16.02 and a beta of 1.26. The company has a fifty day moving average price of $10.09 and a 200-day moving average price of $12.43. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. Cushman & Wakefield has a 52-week low of $7.64 and a 52-week high of $16.11.

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

Institutional Investors Weigh In On Cushman & Wakefield

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Cushman & Wakefield by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company’s stock worth $5,972,000 after purchasing an additional 11,247 shares in the last quarter. SG Americas Securities LLC bought a new position in Cushman & Wakefield in the first quarter worth approximately $450,000. Yousif Capital Management LLC boosted its holdings in Cushman & Wakefield by 3.1% in the first quarter. Yousif Capital Management LLC now owns 89,757 shares of the company’s stock worth $917,000 after acquiring an additional 2,686 shares in the last quarter. GAMMA Investing LLC grew its stake in Cushman & Wakefield by 840.1% in the first quarter. GAMMA Investing LLC now owns 55,106 shares of the company’s stock valued at $5,392,000 after acquiring an additional 49,244 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Cushman & Wakefield during the fourth quarter valued at approximately $1,778,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

About Cushman & Wakefield

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.