Nomura Holdings Inc ADR (NYSE:NMR) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Nomura Holdings has a consensus “Buy” rating from five covering brokerages: three rate it Buy, one Strong Buy, and one Hold. The average 12-month price target is $10.20.
• Nomura reported quarterly revenue of $4.19 billion and earnings of $0.30 per share, while analysts expect full-year EPS of $0.98.
• The stock opened at $10.06, near its $10.20 analyst target, and has risen above its 200-day moving average; institutional investors and hedge funds own 15.14% of shares.

Shares of Nomura Holdings Inc ADR (NYSE:NMR - Get Free Report) have been given an average rating of "Buy" by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.20.

A number of equities analysts recently issued reports on the company. Nomura raised Nomura to a "buy" rating and set a $10.20 price target on the stock in a report on Thursday, June 25th. Zacks Research raised Nomura from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Weiss Ratings raised Nomura from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 17th. 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. Finally, Wall Street Zen raised Nomura from a "hold" rating to a "buy" rating in a report on Saturday, August 1st.

Nomura Stock Performance

Shares of Nomura stock opened at $10.06 on Friday. The firm's fifty day simple moving average is $9.99 and its 200-day simple moving average is $8.89. The stock has a market capitalization of $29.53 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.14 and a beta of 0.70. Nomura has a 12 month low of $6.71 and a 12 month high of $10.94. The company has a debt-to-equity ratio of 8.06, a current ratio of 2.00 and a quick ratio of 2.00.

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 for the quarter. As a group, equities analysts forecast that Nomura will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Nomura

Several institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC raised its position in Nomura by 32.4% during the 4th quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider's stock worth $110,341,000 after buying an additional 3,221,008 shares during the last quarter. Donald Smith & CO. Inc. boosted its holdings in shares of Nomura by 2.2% in the fourth quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider's stock valued at $106,516,000 after acquiring an additional 274,787 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Nomura by 18.4% in the first quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider's stock valued at $20,097,000 after acquiring an additional 395,656 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Nomura by 27.0% during the first quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider's stock worth $18,244,000 after acquiring an additional 491,400 shares during the period. Finally, Gradient Investments LLC increased its stake in shares of Nomura by 7.4% during the second quarter. Gradient Investments LLC now owns 638,711 shares of the financial services provider's stock worth $5,608,000 after acquiring an additional 43,849 shares during the period. 15.14% of the stock is owned by institutional investors and hedge funds.

About Nomura

Nomura Holdings, Inc is a Japan-based financial services group and the parent company of Nomura Securities Co, Ltd. Its businesses serve individual investors, corporations, financial institutions, governments and other organizations through a range of investment and advisory services.

The company operates through three primary areas: retail, which provides wealth management, investment products and financial advice; investment management, which offers asset management and investment advisory services; and wholesale, which includes investment banking, equity and fixed-income sales and trading, research, and related capital-markets services.

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