Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Newmark Group Inc Market Cap
The Newmark Group Inc (NMRK) share price is expected to increase by 18.37% over the next year. This is based on calculating the average 12-month share price estimate provided by 5 stock analysts who have covered NMRK. Price targets range from $18 at the low end to $19 at the high end. The current analyst consensus for NMRK is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
NMRK is a stock in Real Estate which has been forecasted to be worth $18.66667 as an average. On the higher end, the forecast price is $19 USD by Julien Blouin from Goldman Sachs and on the lower end NMRK is forecasted to be $18 by Patrick O'Shaughnessy from Raymond James.
These are the latest 20 analyst ratings of NMRK.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Julien Blouin Goldman Sachs | Buy | $19 | Initiates | Dec 6, 2024 |
| Andrew Rosivach Wolfe Research | Peer Perform | Downgrade | Nov 25, 2024 | |
| Jade Rahmani Keefe, Bruyette & Woods | Outperform | $16.5 | Upgrade | Sep 5, 2024 |
| Alexander Goldfarb Piper Sandler | Overweight | $17 | Maintains | Sep 3, 2024 |
| Andrew Rosivach Wolfe Research | Outperform | $15 | Upgrade | Aug 16, 2024 |
| Jade Rahmani Keefe, Bruyette & Woods | Market Perform | $13.5 | Maintains | Aug 8, 2024 |
| Jade Rahmani Keefe, Bruyette & Woods | Market Perform | $13 | Maintains | Jul 25, 2024 |
| Alexander Goldfarb Piper Sandler | Overweight | $13 | Maintains | Mar 26, 2024 |
| Jade Rahmani Keefe, Bruyette & Woods | Market Perform | $11.25 | Maintains | Feb 26, 2024 |
| Alexander Goldfarb Piper Sandler | Overweight | $13 | Upgrade | Dec 20, 2023 |
| Patrick O'Shaughnessy Raymond James | Market Perform | Downgrade | Oct 4, 2023 | |
| Chandni Luthra Goldman Sachs | Sell | $5.5 | Maintains | May 9, 2023 |
| Patrick O'Shaughnessy Raymond James | Outperform | $8 | Maintains | May 8, 2023 |
| Alexander Goldfarb Piper Sandler | Neutral | $6.5 | Maintains | May 8, 2023 |
| Jade Rahmani Keefe, Bruyette & Woods | Market Perform | $7 | Maintains | May 8, 2023 |
| Jade Rahmani Keefe, Bruyette & Woods | Market Perform | $8 | Maintains | Apr 24, 2023 |
| Chandni Luthra Goldman Sachs | Sell | $6.25 | Maintains | Apr 11, 2023 |
| Chandni Luthra Goldman Sachs | Sell | $6.25 | Maintains | Apr 10, 2023 |
| Chandni Luthra Goldman Sachs | Sell | $9 | Maintains | Feb 17, 2023 |
| Patrick O'Shaughnessy Raymond James | Outperform | $10 | Maintains | Jan 20, 2023 |
When did it IPO
2017
Staff Count
7,800
Country
United States
Sector/Industry
Real Estate/Real Estate Services
CEO
Market Cap
$3.90B
In 2023, NMRK generated $2.47B in revenue, which was a decrease of -8.69% from the previous year. This can be seen as a signal that NMRK's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 21 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Newmark facilitated the sale of Preston Commons, a 427,799 sq. ft. office campus in Dallas, marking Texas's largest office sale in 2024.
Why It Matters - The largest office sale in Texas signals strong demand in the commercial real estate market, potentially influencing investment strategies and market valuations in the sector.
Thu, 21 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Newmark Group Executive Chairman Howard W. Lutnick announced his nomination by President Donald J. Trump, highlighting his recognition in the industry.
Why It Matters - Howard Lutnick's nomination by President Trump could signal potential regulatory changes or policies affecting Newmark Group, influencing stock performance and investor sentiment.
Wed, 13 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Newmark advised Unibail-Rodamco-Westfield on the €172.5 million sale of the office portion of Les Ateliers Gaîté in Paris to Swiss Life Asset Managers and Norges Bank Investment Management.
Why It Matters - The sale of Les Ateliers Gaîté signals strong demand for prime assets in Paris, potentially influencing market trends and investment strategies in commercial real estate.
Fri, 08 Nov 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - NMRK's Q3 2024 normalized EPS increased by 22% YoY, surpassing expectations by 11%. The company raised its full-year revenue and earnings guidance, with a projected 22% EPS growth next year.
Why It Matters - NMRK's strong EPS growth and raised guidance indicate robust financial health, suggesting continued growth potential. The attractive valuation may present a buying opportunity for investors.
Tue, 05 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Newmark Group, Inc. (NASDAQ:NMRK) will hold its Q3 2024 Earnings Conference Call on November 5, 2024, at 10:00 AM ET, featuring key executives and analysts.
Why It Matters - Upcoming earnings calls provide insights into a company's financial health and future outlook, influencing stock performance and investment decisions.
Tue, 05 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Newmark Group, Inc. will discuss its Q3 2024 financial results in a conference call today at 10:00 a.m. ET and has declared its quarterly dividend.
Why It Matters - The scheduled conference call and reported financial results indicate Newmark's current performance and future prospects, influencing investor confidence and potential stock movements.
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