Newmark Group (NASDAQ:NMRK) has been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.08.
NMRK has been the topic of several research reports. Zacks Investment Research lowered Newmark Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. Sandler O’Neill initiated coverage on Newmark Group in a research note on Tuesday, January 9th. They set a “buy” rating and a $18.50 target price on the stock. Bank of America initiated coverage on Newmark Group in a research note on Tuesday, January 9th. They set a “buy” rating and a $20.00 target price on the stock. Wedbush initiated coverage on Newmark Group in a research note on Tuesday, January 9th. They set an “outperform” rating and a $20.00 target price on the stock. Finally, Raymond James initiated coverage on Newmark Group in a research note on Tuesday, February 6th. They set an “outperform” rating and a $21.00 target price on the stock.
NMRK traded down $0.08 during mid-day trading on Friday, hitting $15.44. 14,303 shares of the stock were exchanged, compared to its average volume of 529,414. Newmark Group has a 1-year low of $13.72 and a 1-year 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. The firm has a market cap of $2,403.44 and a price-to-earnings ratio of 13.50.
Newmark Group (NASDAQ:NMRK) last posted its earnings results on Friday, February 9th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The firm had revenue of $460.60 million for the quarter, compared to analyst estimates of $428.10 million. During the same period in the previous year, the company posted $0.31 EPS. research analysts forecast that Newmark Group will post 1.49 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN acquired a new stake in Newmark Group in the 4th quarter valued at about $153,000. Brown Advisory Inc. acquired a new stake in Newmark Group in the 4th quarter valued at about $210,000. Landscape Capital Management L.L.C. acquired a new stake in Newmark Group in the 4th quarter valued at about $239,000. Geode Capital Management LLC acquired a new stake in Newmark Group in the 4th quarter valued at about $397,000. Finally, Emerald Advisers Inc. PA acquired a new stake in Newmark Group in the 4th quarter valued at about $1,368,000. 12.57% of the stock is currently owned by institutional investors.
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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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