S&P 500   3,768.25
DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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Nomura (NYSE:NMR) Upgraded by Zacks Investment Research to "Buy"

Thursday, January 14, 2021 | MarketBeat

Nomura (NYSE:NMR) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research note issued on Thursday, Zacks.com reports. The firm currently has a $6.25 target price on the financial services provider's stock. Zacks Investment Research's price target points to a potential upside of 10.62% from the stock's current price.

According to Zacks, "NOMURA HLDG-ADR is a leading financial services group in Japan and has worldwide operations, providing a wide range of value-added financial services and competitive products. These include brokerage, trading, underwriting, M&A financial advisory services, merchant banking, and development and management of investment trusts and investment advisory services to diversified clients such as individuals, corporations, financial institutions, governments and governmental agencies. "

NMR opened at $5.65 on Thursday. The company has a debt-to-equity ratio of 6.05, a quick ratio of 1.03 and a current ratio of 1.03. Nomura has a fifty-two week low of $3.55 and a fifty-two week high of $5.85. The firm's fifty day moving average is $5.34 and its 200 day moving average is $4.94. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 2.56 and a beta of 0.99.

Nomura (NYSE:NMR) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.28 billion. Nomura had a net margin of 13.00% and a return on equity of 8.41%. On average, equities research analysts predict that Nomura will post 0.97 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in NMR. JPMorgan Chase & Co. lifted its stake in Nomura by 76.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,242 shares of the financial services provider's stock worth $34,000 after purchasing an additional 3,132 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Nomura in the 3rd quarter worth $47,000. Brinker Capital Investments LLC purchased a new stake in Nomura in the 3rd quarter worth $49,000. WealthStone Inc. purchased a new stake in Nomura in the 3rd quarter worth $60,000. Finally, Optas LLC purchased a new stake in Nomura in the 3rd quarter worth $67,000. Institutional investors and hedge funds own 0.47% of the company's stock.

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, Asset Management, and Wholesale. The Retail segment offers various financial products and investment services for individuals and corporations.

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Get a free copy of the Zacks research report on Nomura (NMR)

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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 [email protected]


7 Stocks That May Provide the Real Solution to The Coronavirus Puzzle

October 2, 2020, may not rank as one of those “where were you when” moments. But when news broke that the President of the United States and the First Lady tested positive for the novel coronavirus, there was certainly a sense that we were living through a historical moment (as if we already were not).

Over the following days, several biotech and pharmaceutical companies took the headlines. However, these weren’t the vaccine stocks that investors have committed to memory. These were companies that are leading the race for antiviral therapeutics.

And with a very high profile proof of concept, therapeutics may have had their moment. It’s far too early to say whether these drugs truly carry the answer. But from the outset of the pandemic, there has been a feeling that therapeutics may carry the ultimate solution to neutralizing the most severe effects of the novel coronavirus.

As you might expect, there is no shortage of companies in the therapeutic discussion. In this special presentation, we’re highlighting seven companies that you should be paying close attention to. If therapeutics nudge ahead of a vaccine, these stocks are likely to make strong upward moves.

View the "7 Stocks That May Provide the Real Solution to The Coronavirus Puzzle".

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