Nintendo (OTCMKTS:NTDOY) Hits New 1-Year High - What's Next?

Key Points

• Nintendo's stock reached a new 52-week high of $24.33 during trading, closing at $24.30 with a trading volume of 360,141 shares.
• Equities analysts have given Nintendo a consensus rating of "Buy," with several upgrades to "strong-buy" from firms like Benchmark and Wedbush.
• In the latest quarterly earnings, Nintendo reported earnings per share (EPS) of $0.09, meeting expectations, along with a revenue of $3.80 billion.

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as $24.33 and last traded at $24.30, with a volume of 360141 shares trading hands. The stock had previously closed at $23.47.

Analysts Set New Price Targets

A number of research analysts have recently commented on NTDOY shares. Wedbush raised shares of Nintendo to a "strong-buy" rating in a research report on Tuesday, July 1st. Benchmark raised shares of Nintendo to a "strong-buy" rating in a research report on Monday, May 19th. Finally, Citigroup assumed coverage on shares of Nintendo in a report on Friday, May 2nd. They set a "buy" rating for the company. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nintendo presently has a consensus rating of "Buy".

Nintendo Stock Performance

The firm has a market cap of $123.84 billion, a P/E ratio of 56.76 and a beta of 0.64. The firm's fifty day moving average is $22.00 and its 200 day moving average is $19.75.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Nintendo had a net margin of 19.61% and a return on equity of 9.92%. The business had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $448.24 billion. As a group, equities research analysts forecast that Nintendo Co. will post 0.44 EPS for the current year.

Institutional Trading of Nintendo

Several hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. raised its position in shares of Nintendo by 34.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company's stock valued at $59,000 after buying an additional 637 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Nintendo by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company's stock worth $145,000 after purchasing an additional 724 shares in the last quarter. Confluence Investment Management LLC increased its position in Nintendo by 1.5% during the 2nd quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock worth $1,347,000 after purchasing an additional 843 shares in the last quarter. Appleton Partners Inc. MA increased its position in Nintendo by 1.5% during the 1st 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 position in Nintendo by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 16,062 shares of the company's stock worth $276,000 after purchasing an additional 3,114 shares in 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.