Nomura (NYSE:NMR) Reaches New 1-Year High – Should You Buy?

by · The Markets Daily

Shares of Nomura Holdings Inc ADR (NYSE:NMR – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $8.08 and last traded at $8.0750, with a volume of 27681 shares trading hands. The stock had previously closed at $7.78.

Wall Street Analyst Weigh In

NMR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nomura in a report on Tuesday, December 2nd. Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

View Our Latest Report on Nomura

Nomura Price Performance

The business’s 50 day moving average is $7.22 and its two-hundred day moving average is $6.94. The firm has a market capitalization of $23.81 billion, a PE ratio of 9.70, a P/E/G ratio of 4.24 and a beta of 0.70. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.13 and a quick ratio of 1.13.

Nomura (NYSE:NMR – Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Nomura had a net margin of 8.07% and a return on equity of 10.23%. As a group, research analysts anticipate that Nomura Holdings Inc ADR will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Nomura

A number of large investors have recently added to or reduced their stakes in NMR. Coldstream Capital Management Inc. boosted its holdings in shares of Nomura by 97.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 147,113 shares of the financial services provider’s stock worth $1,070,000 after purchasing an additional 72,786 shares in the last quarter. United Capital Financial Advisors LLC lifted its position in Nomura by 8.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 48,214 shares of the financial services provider’s stock worth $351,000 after buying an additional 3,688 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Nomura in the third quarter worth approximately $142,000. Mariner LLC grew its position in Nomura by 16.7% during the third quarter. Mariner LLC now owns 350,647 shares of the financial services provider’s stock valued at $2,549,000 after acquiring an additional 50,247 shares during the last quarter. Finally, Millennium Management LLC grew its position in Nomura by 27.3% during the third quarter. Millennium Management LLC now owns 934,345 shares of the financial services provider’s stock valued at $6,793,000 after acquiring an additional 200,364 shares during the last quarter. Hedge funds and other institutional investors own 15.14% of the company’s stock.

About Nomura

(Get Free Report)

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.

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