Keefe, Bruyette & Woods Issues Pessimistic Forecast for Newmark Group (NASDAQ:NMRK) Stock Price

Key Points

• Keefe, Bruyette & Woods lowered Newmark Group’s price target from $17.50 to $16.00 but maintained an “outperform” rating, implying approximately 31.6% upside from the $12.15 share price.
• Analyst sentiment remains positive overall, with five Buy ratings and two Holds; the stock has a “Moderate Buy” consensus rating and an average price target of $19.80.
• Newmark’s latest quarterly results matched earnings expectations at $0.39 per share, while revenue reached $888.42 million—up 17% year over year and above analyst estimates.

Newmark Group (NASDAQ:NMRK - Get Free Report) had its target price lowered by equities research analysts at Keefe, Bruyette & Woods from $17.50 to $16.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 31.63% from the company's current price.

Other equities analysts have also recently issued research reports about the company. Barclays lifted their price target on Newmark Group from $19.00 to $20.00 and gave the stock an "overweight" rating in a research note on Monday, August 17th. Citigroup reaffirmed a "market outperform" rating on shares of Newmark Group in a research note on Monday, August 10th. Piper Sandler reiterated an "overweight" rating and issued a $19.00 target price on shares of Newmark Group in a report on Monday, June 29th. Wall Street Zen downgraded shares of Newmark Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Newmark Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, September 28th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.80.

Newmark Group Price Performance

Shares of NASDAQ NMRK traded down $0.36 during trading on Friday, hitting $12.15. The company had a trading volume of 416,959 shares, compared to its average volume of 1,540,184. The company has a market cap of $2.20 billion, a P/E ratio of 15.01 and a beta of 1.76. Newmark Group has a 52 week low of $11.90 and a 52 week high of $19.83. The business's 50-day moving average is $14.44 and its 200 day moving average is $14.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.55.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $888.42 million during 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 revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company posted $0.31 EPS. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Equities research analysts predict that Newmark Group will post 1.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Newmark Group

Large investors have recently made changes to their positions in the business. Millstone Evans Group LLC boosted its holdings in shares of 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 period. Nykredit A S purchased a new stake in Newmark Group in the 2nd quarter worth approximately $41,000. Ancora Advisors LLC purchased a new stake in Newmark Group in the 2nd quarter worth approximately $45,000. Rockefeller Capital Management L.P. lifted its position in Newmark Group by 29.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 8,160 shares of the company's stock worth $142,000 after buying an additional 1,848 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Newmark Group by 9,157.7% during the 1st quarter. Fifth Third Bancorp now owns 8,980 shares of the company's stock valued at $135,000 after buying an additional 8,883 shares during the period. Institutional investors and hedge funds own 58.42% of the company's stock.

About Newmark Group

Newmark Group, Inc is a commercial real estate services company that provides advisory, transaction, and property-related services to corporations, institutional investors, landlords, tenants, and other real estate owners and users. Its business spans office, industrial, retail, multifamily, hospitality, and other property sectors.

The company's services include leasing, investment sales, debt and structured finance, valuation and advisory, property management, and facilities management.

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