Newmark Group, Inc. (NASDAQ:NMRK) Receives $7.17 Consensus Target Price from Brokerages


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Newmark Group, Inc. (NASDAQ:NMRK) has earned an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $7.92.

A number of equities research analysts recently issued reports on NMRK shares. The Goldman Sachs Group started coverage on Newmark Group in a research note on Monday, January 25th. They issued a “buy” rating and a $10.00 target price on the stock. Raymond James upped their target price on Newmark Group from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, January 22nd. TheStreet raised Newmark Group from a “d+” rating to a “c-” rating in a research note on Thursday, February 18th. Piper Sandler raised Newmark Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $7.50 to $12.00 in a research note on Friday. Finally, Zacks Investment Research lowered Newmark Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday.

Several hedge funds have recently modified their holdings of the company. Swiss National Bank lifted its position in shares of Newmark Group by 0.9% during the fourth quarter. Swiss National Bank now owns 339,307 shares of the company’s stock worth $2,474,000 after purchasing an additional 2,900 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Newmark Group by 5.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 88,410 shares of the company’s stock worth $645,000 after purchasing an additional 4,517 shares during the last quarter. IndexIQ Advisors LLC lifted its position in shares of Newmark Group by 11.5% during the fourth quarter. IndexIQ Advisors LLC now owns 49,281 shares of the company’s stock worth $359,000 after purchasing an additional 5,088 shares during the last quarter. Aperio Group LLC lifted its position in shares of Newmark Group by 2.6% during the fourth quarter. Aperio Group LLC now owns 207,925 shares of the company’s stock worth $1,516,000 after purchasing an additional 5,181 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Newmark Group by 46.0% during the fourth quarter. Voloridge Investment Management LLC now owns 18,505 shares of the company’s stock worth $135,000 after purchasing an additional 5,828 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:NMRK traded up $0.09 during trading on Tuesday, hitting $10.23. 123,833 shares of the stock were exchanged, compared to its average volume of 906,368. The company has a fifty day moving average price of $7.73 and a two-hundred day moving average price of $6.10. The company has a market cap of $1.85 billion, a PE ratio of 30.73, a P/E/G ratio of 0.59 and a beta of 1.85. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.99. Newmark Group has a 12-month low of $2.49 and a 12-month high of $11.47.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Thursday, February 18th. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Newmark Group had a return on equity of 33.13% and a net margin of 3.60%. Equities research analysts anticipate that Newmark Group will post 0.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Wednesday, March 10th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, March 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. Newmark Group’s payout ratio is 2.47%.

Newmark Group Company Profile

Newmark Group, Inc provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, loan sales, mortgage broking and equity-raising under the Newmark Knight Frank name.

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Analyst Recommendations for Newmark Group (NASDAQ:NMRK)

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