Analyst Nicholas Joseph of Citi maintained a Hold rating on Cushman & Wakefield (CWK – Research Report), with a price target of $12.00.
Nicholas Joseph’s rating is based on a combination of factors, including adjustments to the financial model for Cushman & Wakefield. The analyst has revised the earnings per share (EPS) estimates for the company, lowering the forecast for fiscal year 2025 from $1.15 to $1.10 due to anticipated short-term challenges in certain business segments. However, there is an expectation for these issues to stabilize by 2026, with a slight increase in the EPS estimate for that year from $1.37 to $1.38.
Additionally, the target price for Cushman & Wakefield’s stock has been reduced from $16 to $12, reflecting an adjusted EPS multiple of approximately 11 times for 2025. Despite these adjustments, the expected share price return is projected at 12.0%. These factors collectively contribute to the Hold rating, suggesting that while there are some positive long-term prospects, current uncertainties warrant a cautious approach.
Joseph covers the Real Estate sector, focusing on stocks such as Prologis, Ventas, and COPT Defense Properties. According to TipRanks, Joseph has an average return of 0.5% and a 57.14% success rate on recommended stocks.