Nomura Holdings Inc ADR (NMR) - What Are Researchers Saying About This Stock?

Key Points

• Analyst sentiment is positive: Nomura has a consensus “Buy” rating from five research firms, including four buys and one strong buy. The average 12-month price target is $10.20, above the reported $9.27 opening price.
• Recent financial results were solid: Nomura reported quarterly EPS of $0.30 on $4.19 billion in revenue, with a 10.42% return on equity and an 8.09% net margin.
• Institutional interest is growing: Several hedge funds and investment managers increased or initiated positions, although institutional investors collectively own 15.14% of the stock.

Nomura Holdings Inc ADR (NYSE:NMR - Get Free Report) has been assigned a consensus rating of "Buy" from the five research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $10.20.

NMR has been the topic of several research analyst reports. Bank of America upgraded Nomura from a "neutral" rating to a "buy" rating and set a $10.20 target price on the stock in a research note on Thursday, June 25th. Weiss Ratings raised Nomura from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Nomura upgraded Nomura to a "buy" rating and set a $10.20 price target for the company in a research note 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, Wall Street Zen raised Nomura from a "hold" rating to a "buy" rating in a report on Sunday, October 4th.

Nomura Price Performance

NYSE NMR opened at $9.27 on Thursday. The firm's fifty day simple moving average is $10.00 and its two-hundred day simple moving average is $9.14. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06. Nomura has a 12-month low of $6.88 and a 12-month high of $10.94. The firm has a market capitalization of $27.18 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.08 and a beta of 0.74.

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

Hedge Funds Weigh In On Nomura

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Eastern Bank acquired a new position in shares of Nomura in the second quarter valued at about $31,000. Mather Group LLC. raised its stake in shares of Nomura by 17,760.0% in the third quarter. Mather Group LLC. now owns 4,465 shares of the financial services provider's stock worth $44,000 after purchasing an additional 4,440 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Nomura by 108.2% during the first 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 period. Allworth Financial LP lifted its holdings in shares of Nomura by 84.5% during the second quarter. Allworth Financial LP now owns 7,864 shares of the financial services provider's stock worth $69,000 after purchasing an additional 3,601 shares during the period. Finally, Foster Group Inc. acquired a new stake in shares of Nomura during the second quarter worth about $88,000. 15.14% of the stock is owned by hedge funds and other institutional investors.

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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