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Barclays Reaffirms Their Buy Rating on Newmark Group (NMRK)

Tipranks - Sat Mar 14, 4:02AM CDT

Barclays analyst Brendan Lynch maintained a Buy rating on Newmark Group today and set a price target of $19.00.

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According to TipRanks, Lynch is an analyst with an average return of -2.7% and a 41.55% success rate. Lynch covers the Real Estate sector, focusing on stocks such as Cousins Properties, Cushman & Wakefield, and Lineage, Inc..

In addition to Barclays, Newmark Group also received a Buy from KBW’s Jade Rahmani in a report issued on March 1. However, on February 25, TipRanks – Google reiterated a Hold rating on Newmark Group (NASDAQ: NMRK).

Based on Newmark Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.01 billion and a net profit of $67.98 million. In comparison, last year the company earned a revenue of $872.72 million and had a net profit of $45.41 million

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