Newmark Group Inc (NMRK) Receives $20.08 Average Target Price from Analysts

Newmark Group Inc (NASDAQ:NMRK) has received an average rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $20.08.

A number of brokerages have weighed in on NMRK. Raymond James Financial started coverage on Newmark Group in a research report on Tuesday. They issued an “outperform” rating and a $21.00 price target for the company. Keefe, Bruyette & Woods started coverage on Newmark Group in a research report on Tuesday, January 9th. They set a “market perform” rating and a $17.00 price objective for the company. Goldman Sachs Group started coverage on Newmark Group in a research report on Tuesday, January 9th. They set a “buy” rating and a $24.00 price objective for the company. Bank of America started coverage on Newmark Group in a research report on Tuesday, January 9th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Sandler O’Neill started coverage on Newmark Group in a research report on Tuesday, January 9th. They set a “buy” rating and a $18.50 price objective for the company.

Shares of Newmark Group (NMRK) traded down $0.58 during trading hours on Tuesday, hitting $15.36. The company’s stock had a trading volume of 504,972 shares, compared to its average volume of 516,967. Newmark Group has a 12 month low of $13.72 and a 12 month high of $16.98.

A number of institutional investors have recently bought and sold shares of NMRK. Emerald Advisers Inc. PA acquired a new position in Newmark Group in the 4th quarter valued at approximately $1,368,000. Strycker View Capital LLC acquired a new position in Newmark Group in the 4th quarter valued at approximately $4,543,000. Wells Fargo & Company MN acquired a new position in Newmark Group in the 4th quarter valued at approximately $153,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Newmark Group in the 4th quarter valued at approximately $20,723,000. 0.03% of the stock is owned by hedge funds and other institutional investors.

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About Newmark Group

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.

Analyst Recommendations for Newmark Group (NASDAQ:NMRK)

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