Cushman & Wakefield (CWK) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Cushman & Wakefield (NYSE:CWK) from a buy rating to a hold rating in a research note released on Wednesday.

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. “

Several other research firms have also recently weighed in on CWK. Goldman Sachs Group started coverage on Cushman & Wakefield in a report on Monday, August 27th. They set a buy rating and a $20.00 price target for the company. UBS Group started coverage on Cushman & Wakefield in a report on Friday, August 31st. They set a buy rating for the company. Credit Suisse Group initiated coverage on Cushman & Wakefield in a report on Monday, August 27th. They set an outperform rating and a $21.00 price target for the company. Bank of America initiated coverage on Cushman & Wakefield in a report on Monday, August 27th. They issued a buy rating and a $20.00 price objective for the company. Finally, JMP Securities initiated coverage on Cushman & Wakefield in a report on Monday, August 27th. They set an outperform rating and a $20.50 price target for the company. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $20.00.

NYSE:CWK opened at $18.12 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.88. Cushman & Wakefield has a 1-year low of $15.14 and a 1-year high of $19.45.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, November 13th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.27. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, equities research analysts forecast that Cushman & Wakefield will post -1.01 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of CWK. Janney Montgomery Scott LLC bought a new stake in Cushman & Wakefield during the 3rd quarter worth $170,000. Strs Ohio bought a new stake in Cushman & Wakefield during the 3rd quarter worth $220,000. Verition Fund Management LLC bought a new stake in Cushman & Wakefield during the 3rd quarter worth $310,000. Hsbc Holdings PLC bought a new stake in Cushman & Wakefield during the 3rd quarter worth $436,000. Finally, American International Group Inc. bought a new stake in Cushman & Wakefield during the 3rd quarter worth $512,000. 13.97% of the stock is owned by institutional investors.

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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