Nintendo Co. (OTCMKTS:NTDOY) Given Average Recommendation of "Buy" by Analysts

Key Points

• Nintendo Co. has received a consensus rating of "Buy" from six analysts, with one hold rating, three buy ratings, and two strong buy ratings.
• The stock is currently priced at $21.82, with a year range between $11.36 and $24.09 and a market cap of $113.35 billion.
• Recent institutional investments include significant stakes by various firms, indicating growing confidence in Nintendo, although institutional ownership remains low at 0.02%.

Shares of Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) have been given a consensus recommendation of "Buy" by the six ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company.

NTDOY has been the topic of a number of research reports. Benchmark raised Nintendo to a "strong-buy" rating in a research note on Monday, May 19th. Wedbush upgraded shares of Nintendo to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Citigroup initiated coverage on shares of Nintendo in a research report on Friday, May 2nd. They set a "buy" rating on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NTDOY. First Horizon Advisors Inc. boosted its holdings in Nintendo by 192.5% in the first quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock valued at $31,000 after acquiring an additional 1,201 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Nintendo by 16.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock worth $91,000 after buying an additional 749 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Nintendo by 24.1% during the first quarter. GAMMA Investing LLC now owns 16,062 shares of the company's stock valued at $276,000 after purchasing an additional 3,114 shares in the last quarter. Sterling Capital Management LLC bought a new position in shares of Nintendo during the 4th quarter valued at $605,000. Finally, Confluence Investment Management LLC lifted its holdings in Nintendo by 1.5% in the second quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock valued at $1,347,000 after acquiring an additional 843 shares during the period. Institutional investors own 0.02% of the company's stock.

Nintendo Stock Down 2.1%

Shares of NTDOY traded down $0.45 during midday trading on Monday, reaching $21.01. The company had a trading volume of 1,141,834 shares, compared to its average volume of 2,037,578. Nintendo has a 1-year low of $11.36 and a 1-year high of $24.09. The stock has a market cap of $109.14 billion, a PE ratio of 53.87 and a beta of 0.63. The firm has a 50 day simple moving average of $21.63 and a 200-day simple moving average of $19.25.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $215.06 billion. Nintendo had a return on equity of 10.51% and a net margin of 23.81%. As a group, sell-side analysts anticipate that Nintendo will post 0.44 earnings per share for the current fiscal year.

About Nintendo

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.