Equities researchers at Raymond James Financial assumed coverage on shares of Newmark Group (NASDAQ:NMRK) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $21.00 price target on the stock. Raymond James Financial’s target price points to a potential upside of 30.19% from the stock’s previous close.

A number of other research firms also recently commented on NMRK. Wedbush started coverage on Newmark Group in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $20.00 price target for the company. Bank of America started coverage on Newmark Group in a research note on Tuesday, January 9th. They issued a “buy” rating and a $20.00 price target for the company. Keefe, Bruyette & Woods started coverage on Newmark Group in a research note on Tuesday, January 9th. They issued a “market perform” rating and a $17.00 price target for the company. Goldman Sachs Group started coverage on Newmark Group in a research note on Tuesday, January 9th. They issued a “buy” rating and a $24.00 price target for the company. Finally, Sandler O’Neill started coverage on Newmark Group in a research note on Tuesday, January 9th. They issued a “buy” rating and a $18.50 price target for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Newmark Group has a consensus rating of “Buy” and a consensus price target of $20.08.

Newmark Group (NASDAQ NMRK) opened at $16.13 on Tuesday. Newmark Group has a 52 week low of $13.72 and a 52 week high of $16.98.

A hedge fund recently bought a new stake in Newmark Group stock. Strycker View Capital LLC purchased a new position in Newmark Group Inc (NASDAQ:NMRK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 285,714 shares of the company’s stock, valued at approximately $4,543,000. Newmark Group makes up about 2.9% of Strycker View Capital LLC’s investment portfolio, making the stock its 13th largest holding. Strycker View Capital LLC owned 0.19% of Newmark Group at the end of the most recent reporting period. 0.03% of the stock is owned by hedge funds and other 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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