Nintendo Co. (OTCMKTS:NTDOY) Receives Average Rating of "Buy" from Analysts

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

Several research analysts have recently weighed in on NTDOY shares. Wedbush raised Nintendo to a "strong-buy" rating in a research report on Tuesday, July 1st. Citigroup initiated coverage on Nintendo in a research note on Friday, May 2nd. They issued a "buy" rating on the stock. Benchmark raised Nintendo to a "strong-buy" rating in a research report on Monday, May 19th. Finally, The Goldman Sachs Group began coverage on shares of Nintendo in a research note on Tuesday, March 25th. They set a "buy" rating for the company.

Nintendo Trading Down 0.3%

Shares of OTCMKTS:NTDOY traded down $0.07 during trading on Thursday, hitting $22.75. 387,161 shares of the company's stock traded hands, compared to its average volume of 1,840,499. The company has a 50-day moving average price of $21.18 and a 200-day moving average price of $18.41. Nintendo has a 52 week low of $11.36 and a 52 week high of $24.09. The company has a market cap of $118.18 billion, a price-to-earnings ratio of 58.33 and a beta of 0.63.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $215.06 billion. Nintendo had a net margin of 23.81% and a return on equity of 10.51%. On average, analysts predict that Nintendo will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Several hedge funds have recently modified their holdings of NTDOY. Azimuth Capital Investment Management LLC bought a new stake in Nintendo during the first quarter worth about $8,323,000. GAMMA Investing LLC increased its position in shares of Nintendo by 2,029.9% during the 1st quarter. GAMMA Investing LLC now owns 275,785 shares of the company's stock worth $4,735,000 after purchasing an additional 262,837 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Nintendo during the 4th quarter worth approximately $2,633,000. Sterling Capital Management LLC bought a new stake in shares of Nintendo during the 4th quarter worth approximately $605,000. Finally, SVB Wealth LLC acquired a new stake in shares of Nintendo in the 4th quarter valued at approximately $192,000. Institutional investors own 0.02% of the company's stock.

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.