Benchmark Upgrades Nintendo (OTCMKTS:NTDOY) to Strong-Buy

Benchmark upgraded shares of Nintendo (OTCMKTS:NTDOY - Free Report) to a strong-buy rating in a research note published on Monday, May 19th,Zacks.com reports.

Several other brokerages have also recently commented on NTDOY. Citigroup began coverage on shares of Nintendo in a research note on Friday, May 2nd. They set a "buy" rating for the company. The Goldman Sachs Group initiated coverage on shares of Nintendo in a report on Tuesday, March 25th. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nintendo presently has an average rating of "Buy".

Nintendo Trading Up 5.1%

Shares of NTDOY stock traded up $1.00 on Monday, reaching $20.50. 903,021 shares of the company's stock were exchanged, compared to its average volume of 2,135,846. The company's fifty day simple moving average is $18.81 and its 200 day simple moving average is $16.84. Nintendo has a 52 week low of $11.36 and a 52 week high of $22.08. The stock has a market capitalization of $106.49 billion, a PE ratio of 45.56 and a beta of 0.61.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. Nintendo had a return on equity of 12.14% and a net margin of 25.83%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $215.06 billion. As a group, sell-side analysts predict that Nintendo will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of Nintendo

Several institutional investors have recently added to or reduced their stakes in NTDOY. Azimuth Capital Investment Management LLC acquired a new position in Nintendo during the 1st quarter worth approximately $8,323,000. PNC Financial Services Group Inc. lifted its position in shares of Nintendo by 16.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock worth $91,000 after purchasing an additional 749 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Nintendo by 192.5% during the 1st quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock worth $31,000 after purchasing an additional 1,201 shares during the last quarter. Appleton Partners Inc. MA grew its stake in shares of Nintendo by 1.5% during the first quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock worth $2,245,000 after purchasing an additional 1,969 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Nintendo by 24.1% in 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 during the last quarter. Institutional investors and hedge funds own 0.02% of the company's stock.

Nintendo Company Profile

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.