Nomura (NYSE:NMR) Upgraded at Zacks Research

Key Points

• Nomura has been upgraded from a "hold" rating to a "strong-buy" rating by Zacks Research, reflecting increased analyst confidence in the stock.
• Institutional investors are actively increasing their positions in Nomura, with NewSquare Capital LLC and MAI Capital Management raising their stakes significantly during the second quarter.
• Nomura reported earnings of $0.24 per share, slightly missing analyst expectations, but surpassed revenue forecasts with $3.53 billion for the quarter.

Nomura (NYSE:NMR - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Nomura in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Nomura currently has a consensus rating of "Moderate Buy".

Nomura Stock Performance

Shares of NMR opened at $7.03 on Thursday. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 3.41 and a beta of 0.74. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.13. The stock's 50-day simple moving average is $7.27 and its 200 day simple moving average is $6.48. Nomura has a 52-week low of $4.86 and a 52-week high of $7.59.

Nomura (NYSE:NMR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.04 billion. Nomura had a return on equity of 10.58% and a net margin of 8.06%. Research analysts forecast that Nomura will post 0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Nomura

Institutional investors have recently modified their holdings of the company. NewSquare Capital LLC increased its position in shares of Nomura by 288.5% during the 2nd quarter. NewSquare Capital LLC now owns 4,402 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 3,269 shares during the last quarter. MAI Capital Management increased its position in shares of Nomura by 1,562.0% during the 2nd quarter. MAI Capital Management now owns 6,000 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 5,639 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Nomura by 1,019.0% during the 2nd quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 5,859 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Nomura by 828.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 8,906 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 7,947 shares during the last quarter. Finally, Abel Hall LLC bought a new position in shares of Nomura during the 1st quarter valued at about $62,000. 15.14% of the stock is currently owned by institutional investors.

About Nomura

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.