Cushman & Wakefield (NYSE:CWK) Stock Gets Price Target Bump from The Goldman Sachs Group

Cushman & Wakefield (NYSE:CWK) had its target price lifted by analysts at The Goldman Sachs Group from $17.00 to $19.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group‘s price objective indicates a potential upside of 38.43% from the company’s current price.

A number of other equities research analysts have also weighed in on CWK. Morgan Stanley lowered their target price on Cushman & Wakefield from $19.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, October 22nd. Zacks Research cut Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Barclays lifted their price target on Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Tuesday, November 3rd. Finally, Citigroup reissued a “market outperform” rating on shares of Cushman & Wakefield in a research note on Thursday, October 22nd. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.86.

Cushman & Wakefield Trading Down 0.4%

NYSE:CWK traded down $0.06 during trading hours on Thursday, reaching $13.72. The company’s stock had a trading volume of 224,711 shares, compared to its average volume of 2,171,383. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 47.40 and a beta of 1.53. The firm has a 50-day simple moving average of $12.54 and a 200-day simple moving average of $13.31. Cushman & Wakefield has a 1 year low of $10.88 and a 1 year high of $17.40.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Cushman & Wakefield had a net margin of 0.63% and a return on equity of 16.60%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the business posted $0.29 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. Research analysts expect that Cushman & Wakefield will post 1.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Nathaniel Robinson sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total value of $167,375.00. Following the completion of the sale, the insider directly owned 58,376 shares of the company’s stock, valued at approximately $781,654.64. This trade represents a 17.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Public Sector Pension Investment Board grew its position in shares of Cushman & Wakefield by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 972,764 shares of the company’s stock worth $11,080,000 after buying an additional 2,589 shares during the period. Global Retirement Partners LLC grew its holdings in Cushman & Wakefield by 167.7% in the third quarter. Global Retirement Partners LLC now owns 6,717 shares of the company’s stock worth $79,000 after purchasing an additional 4,208 shares during the period. HighTower Advisors LLC purchased a new stake in Cushman & Wakefield in the third quarter worth about $223,000. Intech Investment Management LLC increased its stake in shares of Cushman & Wakefield by 88.1% during the third quarter. Intech Investment Management LLC now owns 112,866 shares of the company’s stock valued at $1,333,000 after purchasing an additional 52,847 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. increased its stake in shares of Cushman & Wakefield by 18.4% during the third quarter. Eurizon Capital SGR S.p.A. now owns 8,003,931 shares of the company’s stock valued at $94,450,000 after purchasing an additional 1,242,632 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a global commercial real estate services firm that advises property owners, occupiers, investors and developers. Its services include leasing and sales brokerage, capital markets, property and facilities management, valuation, project management and real estate consulting. The company serves clients across the Americas, Europe, the Middle East and Africa, and Asia-Pacific. Its history traces back to Cushman & Wakefield’s founding in 1917, and the current company took shape in 2015 following the combination of Cushman & Wakefield and DTZ.