Wall Street Zen Upgrades Nomura (NYSE:NMR) to "Buy"

Key Points

• Wall Street Zen upgraded Nomura to “Buy” from “Hold,” joining other bullish analysts. MarketBeat reports a consensus “Buy” rating and an average price target of $10.20.
• Nomura shares opened at $9.72, down 0.2%, with a $28.53 billion market capitalization and a 52-week range of $6.71 to $10.94.
• The company reported quarterly EPS of $0.30 on $4.19 billion in revenue, while institutional investors and hedge funds own 15.14% of its stock.

Nomura (NYSE:NMR - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday, Wall Street Zen reports.

Other equities research analysts have also issued reports about the stock. Bank of America raised shares of Nomura from a "neutral" rating to a "buy" rating and set a $10.20 price target for the company in a report on Thursday, June 25th. Nomura upgraded shares of Nomura to a "buy" rating and set a $10.20 price objective on the stock in a report on Thursday, June 25th. Zacks Research upgraded Nomura from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Nomura from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $10.20.

Nomura Stock Down 0.2%

NYSE NMR opened at $9.72 on Friday. The stock has a market cap of $28.53 billion, a PE ratio of 11.31, a P/E/G ratio of 1.10 and a beta of 0.74. Nomura has a fifty-two week low of $6.71 and a fifty-two week high of $10.94. The business has a 50 day moving average price of $10.02 and a two-hundred day moving average price of $9.03. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.06.

Nomura (NYSE:NMR - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. The company had revenue of $4.19 billion during the quarter. As a group, sell-side analysts predict that Nomura will post 0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Nomura

Several institutional investors and hedge funds have recently bought and sold shares of NMR. Eastern Bank bought a new position in shares of Nomura during the second quarter valued at approximately $31,000. V Square Quantitative Management LLC lifted its holdings in shares of Nomura by 108.2% in the 1st quarter. V Square Quantitative Management LLC now owns 6,118 shares of the financial services provider's stock worth $48,000 after purchasing an additional 3,179 shares during the last quarter. Allworth Financial LP boosted its position in Nomura by 84.5% during the 2nd quarter. Allworth Financial LP now owns 7,864 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 3,601 shares during the period. SmartHarvest Portfolios LLC acquired a new position in Nomura during the 1st quarter valued at approximately $82,000. Finally, Cornerstone Wealth Group LLC bought a new position in Nomura during the 1st quarter worth $85,000. Institutional investors and hedge funds own 15.14% of the company's stock.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group headquartered in Tokyo. Through its subsidiaries, including Nomura Securities Co, Ltd., the company provides investment, financing and advisory services to individuals, corporations, financial institutions and governments.

Nomura's principal businesses include retail wealth management, investment management and wholesale services. Its wholesale operations offer investment banking, equity and fixed-income sales and trading, research, securities underwriting, mergers and acquisitions advice, and other capital-markets services.

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