Newmark Group (NMRK) Rating Lowered to Sell at Zacks Investment Research

Newmark Group (NASDAQ:NMRK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “Newmark Group, Inc. operates as a commercial real estate advisory firm. The Company offers services and products which includes investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory and loan servicing. Newmark Group, Inc. is based in New York, United States. “

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Other analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods assumed coverage on shares of Newmark Group in a research note on Tuesday, January 9th. They set a “market perform” rating and a $17.00 price objective for the company. Wedbush reissued an “outperform” rating and set a $20.00 price objective on shares of Newmark Group in a research note on Monday, February 12th. Goldman Sachs assumed coverage on shares of Newmark Group in a research note on Tuesday, January 9th. They set a “buy” rating and a $24.00 price objective for the company. Raymond James Financial assumed coverage on shares of Newmark Group in a research note on Tuesday, February 6th. They set an “outperform” rating and a $21.00 price objective for the company. Finally, Bank of America assumed coverage on shares of Newmark Group in a research note on Tuesday, January 9th. They set a “buy” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $19.64.

Shares of NASDAQ NMRK opened at $15.37 on Tuesday. Newmark Group has a 52-week low of $13.72 and a 52-week high of $16.98. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.43.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $460.60 million for the quarter, compared to analysts’ expectations of $428.10 million. During the same period in the prior year, the firm earned $0.31 earnings per share. equities research analysts expect that Newmark Group will post 1.49 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of NMRK. Wells Fargo & Company MN acquired a new position in shares of Newmark Group during the 4th quarter valued at $153,000. Brown Advisory Inc. acquired a new position in shares of Newmark Group during the 4th quarter valued at $210,000. Landscape Capital Management L.L.C. acquired a new position in shares of Newmark Group during the 4th quarter valued at $239,000. Geode Capital Management LLC acquired a new position in shares of Newmark Group during the 4th quarter valued at $397,000. Finally, Emerald Advisers Inc. PA acquired a new position in shares of Newmark Group during the 4th quarter valued at $1,368,000. Institutional investors and hedge funds own 12.49% of the company’s stock.

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Newmark Group Company Profile

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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