Citigroup Has Just Given Marcus & Millichap (NYSE:MMI) a Higher Rating. The Target Price per Share is $39.0

February 20, 2018 - By Vivian Currie

  Citigroup Has Just Given Marcus & Millichap (NYSE:MMI) a Higher Rating. The Target Price per Share is $39.0

Investors sentiment increased to 2.1 in 2017 Q3. Its up 0.82, from 1.28 in 2017Q2. It increased, as 7 investors sold Marcus & Millichap, Inc. shares while 23 reduced holdings. 25 funds opened positions while 38 raised stakes. 13.37 million shares or 12.48% less from 15.28 million shares in 2017Q2 were reported.

Brandywine Investment Mngmt Ltd Liability, Pennsylvania-based fund reported 126,479 shares. Ameritas Inv Ptnrs Inc holds 0% or 1,407 shares. Moreover, Retail Bank Of America De has 0% invested in Marcus & Millichap, Inc. (NYSE:MMI) for 1,616 shares. Millennium Management Ltd accumulated 74,840 shares. Renaissance Llc holds 95,700 shares or 0% of its portfolio. Ajo Lp has invested 0.03% in Marcus & Millichap, Inc. (NYSE:MMI). Great West Life Assurance Can accumulated 2,867 shares or 0% of the stock. Tudor Inv Et Al holds 0.01% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI) for 9,399 shares. Moreover, Geode Capital Ltd Limited Liability Company has 0% invested in Marcus & Millichap, Inc. (NYSE:MMI) for 131,499 shares. Meeder Asset Mngmt invested in 68 shares or 0% of the stock. Ellington Mngmt Llc reported 14,800 shares. Dupont Capital accumulated 25,100 shares. Schroder Mngmt Gru holds 0% in Marcus & Millichap, Inc. (NYSE:MMI) or 14,412 shares. Zebra Cap Mgmt Limited Liability reported 26,835 shares stake. Boston Prtnrs has invested 0% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI).

Marcus & Millichap (NYSE:MMI) Stock Upgrade

In a research report sent to clients and investors earlier today, Citigroup increased shares of Marcus & Millichap (NYSE:MMI) to a Buy. Analysts currently have a $39.0 target on the shares. Citigroup’s target would indicate a ppossible upside of 22.72 % from the last stock close price of the stock.

Investors sentiment increased to 2.1 in 2017 Q3. Its up 0.82, from 1.28 in 2017Q2. It increased, as 7 investors sold Marcus & Millichap, Inc. shares while 23 reduced holdings. 25 funds opened positions while 38 raised stakes. 13.37 million shares or 12.48% less from 15.28 million shares in 2017Q2 were reported.

Brandywine Investment Mngmt Ltd Liability, Pennsylvania-based fund reported 126,479 shares. Ameritas Inv Ptnrs Inc holds 0% or 1,407 shares. Moreover, Retail Bank Of America De has 0% invested in Marcus & Millichap, Inc. (NYSE:MMI) for 1,616 shares. Millennium Management Ltd accumulated 74,840 shares. Renaissance Llc holds 95,700 shares or 0% of its portfolio. Ajo Lp has invested 0.03% in Marcus & Millichap, Inc. (NYSE:MMI). Great West Life Assurance Can accumulated 2,867 shares or 0% of the stock. Tudor Inv Et Al holds 0.01% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI) for 9,399 shares. Moreover, Geode Capital Ltd Limited Liability Company has 0% invested in Marcus & Millichap, Inc. (NYSE:MMI) for 131,499 shares. Meeder Asset Mngmt invested in 68 shares or 0% of the stock. Ellington Mngmt Llc reported 14,800 shares. Dupont Capital accumulated 25,100 shares. Schroder Mngmt Gru holds 0% in Marcus & Millichap, Inc. (NYSE:MMI) or 14,412 shares. Zebra Cap Mgmt Limited Liability reported 26,835 shares stake. Boston Prtnrs has invested 0% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI).

Marcus & Millichap, Inc. (NYSE:MMI) Ratings Coverage

Among 4 analysts covering Marcus & Millichap (NYSE:MMI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Marcus & Millichap has $59 highest and $31.0 lowest target. $39.50’s average target is 24.29% above currents $31.78 stock price. Marcus & Millichap had 11 analyst reports since August 7, 2015 according to SRatingsIntel. JMP Securities upgraded the stock to “Market Outperform” rating in Wednesday, January 24 report. The firm has “Buy” rating by Citigroup given on Tuesday, November 14. JMP Securities downgraded the shares of MMI in report on Monday, October 26 to “Market Perform” rating. The stock of Marcus & Millichap, Inc. (NYSE:MMI) has “Neutral” rating given on Tuesday, November 10 by Goldman Sachs. Wells Fargo maintained Marcus & Millichap, Inc. (NYSE:MMI) rating on Wednesday, November 8. Wells Fargo has “Hold” rating and $31.0 target. The firm has “Neutral” rating by Citigroup given on Tuesday, December 20. The rating was downgraded by Goldman Sachs to “Sell” on Wednesday, August 12. Citigroup maintained Marcus & Millichap, Inc. (NYSE:MMI) on Friday, August 7 with “Buy” rating. The firm has “Market Perform” rating given on Friday, October 23 by Wells Fargo.

The stock increased 1.11% or $0.35 during the last trading session, reaching $31.78. About 103,269 shares traded. Marcus & Millichap, Inc. (NYSE:MMI) has declined 0.91% since February 20, 2017 and is downtrending. It has underperformed by 17.61% the S&P500.

Analysts await Marcus & Millichap, Inc. (NYSE:MMI) to report earnings on March, 8. They expect $0.42 earnings per share, down 4.55 % or $0.02 from last year’s $0.44 per share. MMI’s profit will be $16.02M for 18.92 P/E if the $0.42 EPS becomes a reality. After $0.39 actual earnings per share reported by Marcus & Millichap, Inc. for the previous quarter, Wall Street now forecasts 7.69 % EPS growth.

Marcus & Millichap, Inc., a brokerage company, provides investment brokerage and financing services to sellers and buyers of various commercial real estate assets in the United States and Canada. The company has market cap of $1.21 billion. The firm offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties. It has a 20.64 P/E ratio. It also operates as a broker of debt financing for commercial properties.

Another recent and important Marcus & Millichap, Inc. (NYSE:MMI) news was published by Businesswire.com which published an article titled: “Marcus & Millichap, Inc. Reports Results for Third Quarter 2017” on November 07, 2017.

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