Newmark Group (NASDAQ:NMRK) Given New $17.00 Price Target at Citizens Jmp

by · The Markets Daily

Newmark Group (NASDAQ:NMRK – Get Free Report) had its price target cut by stock analysts at Citizens Jmp from $22.00 to $17.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective indicates a potential upside of 43.53% from the stock’s current price.

NMRK has been the topic of several other reports. Barclays boosted their price objective on shares of Newmark Group from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods lowered their price target on Newmark Group from $17.50 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Weiss Ratings upgraded Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. UBS Group set a $22.00 price target on Newmark Group in a report on Monday, August 10th. Finally, Piper Sandler restated a “neutral” rating and set a $13.00 price objective (down from $14.00) on shares of Newmark Group in a research report on Monday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Check Out Our Latest Stock Analysis on Newmark Group

Newmark Group Stock Up 3.2%

Shares of NASDAQ:NMRK traded up $0.36 during trading on Thursday, hitting $11.84. 467,801 shares of the company’s stock traded hands, compared to its average volume of 1,558,170. The company has a 50-day moving average price of $13.85 and a 200-day moving average price of $14.77. Newmark Group has a 52 week low of $11.26 and a 52 week high of $19.83. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 14.60 and a beta of 1.76. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Newmark Group (NASDAQ:NMRK – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $888.42 million for the quarter, compared to analyst estimates of $865.24 million. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. As a group, research analysts forecast that Newmark Group will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NMRK. Arizona State Retirement System grew its stake in Newmark Group by 2.8% during the second quarter. Arizona State Retirement System now owns 42,768 shares of the company’s stock worth $646,000 after buying an additional 1,161 shares in the last quarter. Millstone Evans Group LLC lifted its stake in Newmark Group by 366.3% during the first quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock worth $25,000 after purchasing an additional 1,293 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Newmark Group by 9.6% during the first quarter. PNC Financial Services Group Inc. now owns 16,724 shares of the company’s stock worth $251,000 after purchasing an additional 1,471 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Newmark Group by 29.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 8,160 shares of the company’s stock valued at $142,000 after purchasing an additional 1,848 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of Newmark Group in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

About Newmark Group

(Get Free Report)

Newmark Group, Inc is a global commercial real estate services company that provides advisory, transaction, and management services to occupiers, owners, investors, and developers. Its services cover office, industrial, retail, multifamily, hospitality, and other commercial property sectors.

The company assists clients with leasing, investment sales, acquisition and disposition advisory, debt and structured finance, valuation, consulting, and property and facilities management. Newmark also provides corporate real estate services, workplace strategy, capital markets advice, and technology-enabled data and research solutions.

Newmark serves clients through operations in major real estate markets across North America, Europe, Asia-Pacific, and other international regions.

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