Newmark Group Inc (NMRK) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Newmark Group Inc (NASDAQ:NMRK) have been given a consensus broker rating score of 1.50 (Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and three have assigned a strong buy recommendation to the company.

Brokerages have set a 1 year consensus price target of $18.88 for the company and are expecting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given Newmark Group an industry rank of 101 out of 265 based on the ratings given to its competitors.

A number of research firms have recently commented on NMRK. Keefe, Bruyette & Woods began coverage on Newmark Group in a report on Tuesday. They set a “market perform” rating and a $17.00 price target for the company. Sandler O’Neill began coverage on Newmark Group in a report on Tuesday. They set a “buy” rating and a $18.50 price target for the company. Wedbush began coverage on Newmark Group in a report on Tuesday. They set an “outperform” rating and a $20.00 price target for the company. Bank of America began coverage on Newmark Group in a report on Tuesday. They set a “buy” rating and a $20.00 price target for the company. Finally, Goldman Sachs Group began coverage on Newmark Group in a report on Tuesday. They set a “buy” rating and a $24.00 price target for the company.

Newmark Group (NASDAQ:NMRK) traded down $0.10 during trading on Wednesday, hitting $15.87. The stock had a trading volume of 975,339 shares, compared to its average volume of 1,139,146. Newmark Group has a 12 month low of $13.72 and a 12 month high of $16.74.

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Newmark Group Company Profile

Newmark Group, Inc is a commercial real estate services company. The Company is focused on offering products and services to both owners and occupiers across the entire commercial real estate industry. Its investor/owner services and products include capital markets, which consists of investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory, diligence and underwriting and government-sponsored enterprise lending and loan servicing.

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Analyst Recommendations for Newmark Group (NASDAQ:NMRK)

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