Marcus & Millichap Receives a Hold from Wells Fargo

By Ryan Adsit

Wells Fargo analyst Blaine Heck maintained a Hold rating on Marcus & Millichap (NYSE: MMI) yesterday and set a price target of $27. The company’s shares closed yesterday at $27.45.

Marcus & Millichap has an analyst consensus of Hold.

The company has a one year high of $32.99 and a one year low of $18.77. Currently, Marcus & Millichap has an average volume of 101.2K.

Marcus & Millichap, Inc. is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. It operates through the following business segments: Private client, Hybrid & Institutional. The Private client segment provides properties with prices under $10 million; the hybrid segment provides properties with prices equal to or greater than $10 million and less than $20 million; the Institutional segment provides properties with prices of $20 million and above. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.