Cushman & Wakefield (NYSE:CWK) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Cushman & Wakefield (NYSE:CWK) from a buy rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

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. “

Shares of NYSE CWK opened at $18.36 on Tuesday. The stock has a market capitalization of $3.92 billion and a PE ratio of -16.84. Cushman & Wakefield has a fifty-two week low of $13.25 and a fifty-two week high of $19.79. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.15 and a current ratio of 1.15. The company has a fifty day moving average of $17.79.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Cushman & Wakefield had a positive return on equity of 10.36% and a negative net margin of 1.43%. Cushman & Wakefield’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts predict that Cushman & Wakefield will post 0.71 EPS for the current fiscal year.

In related news, insider W Brett White sold 44,675 shares of Cushman & Wakefield stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $18.00, for a total transaction of $804,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of CWK. American International Group Inc. lifted its stake in Cushman & Wakefield by 2.7% during the fourth quarter. American International Group Inc. now owns 30,955 shares of the company’s stock worth $448,000 after purchasing an additional 821 shares during the last quarter. First Trust Advisors LP lifted its stake in Cushman & Wakefield by 0.6% during the first quarter. First Trust Advisors LP now owns 181,534 shares of the company’s stock worth $3,231,000 after purchasing an additional 1,129 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Cushman & Wakefield by 22.0% during the second quarter. WINTON GROUP Ltd now owns 16,117 shares of the company’s stock worth $288,000 after purchasing an additional 2,906 shares during the last quarter. Rhumbline Advisers lifted its stake in Cushman & Wakefield by 5.3% during the first quarter. Rhumbline Advisers now owns 63,515 shares of the company’s stock worth $1,131,000 after purchasing an additional 3,190 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Cushman & Wakefield during the first quarter worth about $132,000. 41.50% of the stock is owned by institutional investors.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand 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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Analyst Recommendations for Cushman & Wakefield (NYSE:CWK)

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