Newmark Group, Inc. (NASDAQ:NMRK) experienced a significant increase in trading volume on Wednesday, with approximately 1,607,822 shares traded, marking a 42% rise from the previous session. The stock closed at $14.85, up from $14.64. Analysts have been optimistic about Newmark, with Wolfe Research upgrading the stock to an 'outperform' rating and setting a price target of $15.00. Other firms, including Keefe, Bruyette & Woods and Piper Sandler, also raised their price targets, highlighting a positive outlook for the company.
Newmark's recent earnings report revealed an EPS of $0.22, surpassing estimates, and a revenue of $633.40 million, up 8.1% year-over-year. The company declared a quarterly dividend of $0.03 per share, reflecting a yield of 0.82%. Institutional investors hold 58.42% of Newmark's shares, indicating strong market interest.
Meanwhile, XPO (NYSE:XPO) saw its price objective adjusted by Goldman Sachs from $139.00 to $136.00, while maintaining a 'buy' rating. Other analysts have also expressed positive sentiments, with Stifel Nicolaus raising its target to $125.00 and Susquehanna increasing its target to $160.00. XPO's stock traded up $1.28 to $108.69, with a market cap of $12.64 billion and a P/E ratio of 53.20.
XPO's recent earnings showed an EPS of $1.12, exceeding expectations, and a revenue increase to $2.08 billion, up 8.5% year-over-year. Institutional investors control 97.73% of XPO's stock, further demonstrating confidence in its performance.