Compass Point began coverage on shares of Newmark Group (NASDAQ:NMRK) in a research report released on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $14.00 price objective on the stock.
Separately, Zacks Investment Research downgraded ExlService from a hold rating to a sell rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $13.75.
Shares of Newmark Group stock opened at $9.76 on Wednesday. The stock’s 50-day moving average is $8.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $1.74 billion, a P/E ratio of 6.51, a PEG ratio of 0.71 and a beta of 1.17. Newmark Group has a one year low of $7.02 and a one year high of $14.68.
Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). The business had revenue of $447.70 million during the quarter, compared to analyst estimates of $476.72 million. Newmark Group had a net margin of 4.86% and a return on equity of 41.41%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. On average, analysts forecast that Newmark Group will post 1.63 EPS for the current year.
In other Newmark Group news, CEO Barry M. Gosin purchased 561,084 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of $7.71 per share, with a total value of $4,325,957.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 90.95% of the company’s stock.
Newmark Group Company Profile
Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its 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, and loan sales under the Newmark Knight Frank name.
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