Wedbush reaffirmed their outperform rating on shares of Newmark Group (NASDAQ:NMRK) in a research note issued to investors on Monday. Wedbush currently has a $20.00 price target on the stock.

A number of other analysts have also recently commented on NMRK. Raymond James Financial assumed coverage on shares of Newmark Group in a research note on Tuesday, February 6th. They issued an outperform rating and a $21.00 target price for the company. Keefe, Bruyette & Woods assumed coverage on shares of Newmark Group in a research note on Tuesday, January 9th. They issued a market perform rating and a $17.00 target price for the company. Goldman Sachs Group assumed coverage on shares of Newmark Group in a research note on Tuesday, January 9th. They issued a buy rating and a $24.00 target price for the company. Bank of America assumed coverage on shares of Newmark Group in a research note on Tuesday, January 9th. They issued a buy rating and a $20.00 target price for the company. Finally, Sandler O’Neill assumed coverage on shares of Newmark Group in a research note on Tuesday, January 9th. They issued a buy rating and a $18.50 target price for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $20.08.

Shares of Newmark Group (NASDAQ:NMRK) opened at $14.69 on Monday. The company has a market cap of $2,270.00 and a P/E ratio of 12.56. Newmark Group has a 12 month low of $13.72 and a 12 month high of $16.98.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Friday, February 9th. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The company had revenue of $460.60 million during the quarter, compared to analyst estimates of $428.10 million. During the same quarter last year, the business earned $0.31 earnings per share. research analysts expect that Newmark Group will post 1.49 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of NMRK. Emerald Advisers Inc. PA purchased a new position in Newmark Group during the 4th quarter worth approximately $1,368,000. Strycker View Capital LLC purchased a new position in Newmark Group during the 4th quarter worth approximately $4,543,000. Wells Fargo & Company MN purchased a new position in Newmark Group during the 4th quarter worth approximately $153,000. The Manufacturers Life Insurance Company purchased a new position in Newmark Group during the 4th quarter worth approximately $20,723,000. Finally, Monashee Investment Management LLC purchased a new position in Newmark Group during the 4th quarter worth approximately $7,950,000. 0.43% of the stock is owned by 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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