News articles about Newmark Group (NASDAQ:NMRK) have trended positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Newmark Group earned a daily sentiment score of 0.32 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.65521832495 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s analysis:
NMRK traded down $0.20 during midday trading on Friday, reaching $15.16. 127,346 shares of the company’s stock were exchanged, compared to its average volume of 837,146. The stock has a market cap of $2,346.18 and a price-to-earnings ratio of 13.18. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.43. Newmark Group has a one year low of $13.72 and a one year high of $16.98.
Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The business had revenue of $460.60 million for the quarter, compared to the consensus estimate of $428.10 million. During the same quarter in the prior year, the business earned $0.31 EPS. equities research analysts expect that Newmark Group will post 1.49 EPS for the current fiscal year.
NMRK has been the subject of several research reports. Zacks Investment Research upgraded shares of Newmark Group from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday. Sandler O’Neill initiated coverage on shares of Newmark Group in a research note on Tuesday, January 9th. They issued a “buy” rating and a $18.50 target price for the company. Bank of America initiated coverage on shares of Newmark Group in a research note on Tuesday, January 9th. They issued a “buy” rating and a $20.00 target price for the company. Goldman Sachs initiated coverage on shares of Newmark Group in a research note on Tuesday, January 9th. They issued a “buy” rating and a $24.00 target price for the company. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Newmark Group in a research note on Tuesday, January 9th. They issued a “market perform” rating and a $17.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Newmark Group has a consensus rating of “Buy” and an average target price of $19.64.
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About Newmark Group
Newmark Group, Inc provides commercial real estate services in the United States. Its investor/owner services and products include capital markets, which consist of investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory, and loan servicing; and diligence and underwriting and government sponsored entity lending.
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