Positive Press Coverage Somewhat Unlikely to Affect Newmark Group (NASDAQ:NMRK) Stock Price

Headlines about Newmark Group (NASDAQ:NMRK) have trended positive on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Newmark Group earned a media sentiment score of 0.40 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.4493988252056 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of NASDAQ:NMRK traded up $0.19 during mid-day trading on Thursday, hitting $15.19. 635,845 shares of the company’s stock were exchanged, compared to its average volume of 626,696. Newmark Group has a fifty-two week low of $13.72 and a fifty-two week high of $16.98. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.40 and a quick ratio of 0.40.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $460.60 million for the quarter, compared to analyst estimates of $428.10 million. During the same period in the prior year, the company posted $0.31 EPS. sell-side analysts anticipate that Newmark Group will post 1.49 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Goldman Sachs assumed coverage on shares of Newmark Group in a report on Tuesday, January 9th. They issued a “buy” rating and a $24.00 price objective for the company. Keefe, Bruyette & Woods assumed coverage on shares of Newmark Group in a report on Tuesday, January 9th. They issued a “market perform” rating and a $17.00 price objective for the company. Wedbush began coverage on shares of Newmark Group in a report on Tuesday, January 9th. They issued an “outperform” rating and a $20.00 price objective for the company. Bank of America began coverage on shares of Newmark Group in a research report on Tuesday, January 9th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Sandler O’Neill began coverage on shares of Newmark Group in a research report on Tuesday, January 9th. They issued a “buy” rating and a $18.50 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Newmark Group currently has a consensus rating of “Buy” and a consensus target price of $19.64.

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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.

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