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

Wall Street Zen cut shares of Cushman & Wakefield (NYSE:CWK) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Several other research analysts have also issued reports on the company. Morgan Stanley reissued an “overweight” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a research report on Friday, January 16th. Citizens Jmp increased their price objective on Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating 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. Barclays restated a “positive” rating and set a $19.00 target price on shares of Cushman & Wakefield in a report on Tuesday, January 13th. Finally, Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, November 20th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.61.

Cushman & Wakefield Price Performance

Shares of NYSE CWK opened at $16.33 on Friday. Cushman & Wakefield has a 1 year low of $7.64 and a 1 year high of $17.40. The stock has a market capitalization of $3.78 billion, a P/E ratio of 17.01 and a beta of 1.47. The company’s 50-day moving average is $16.20 and its 200 day moving average is $15.70. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07.

Institutional Investors Weigh In On Cushman & Wakefield

A number of institutional investors have recently made changes to their positions in CWK. EverSource Wealth Advisors LLC lifted its position in Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after acquiring an additional 1,321 shares in the last quarter. First Horizon Corp purchased a new position in shares of Cushman & Wakefield in the third quarter worth $32,000. Quarry LP lifted its holdings in shares of Cushman & Wakefield by 4,473.5% during the third quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 2,192 shares in the last quarter. Covestor Ltd boosted its position in shares of Cushman & Wakefield by 4,217.7% during the fourth quarter. Covestor Ltd now owns 2,677 shares of the company’s stock valued at $43,000 after buying an additional 2,615 shares during the last quarter. Finally, Community Bank N.A. purchased a new stake in shares of Cushman & Wakefield during the third quarter valued at $45,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

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.