Nomura (NYSE:NMR) Stock Rating Upgraded by Wall Street Zen

by · The Markets Daily

Nomura (NYSE:NMR – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other equities research analysts have also issued research reports about the company. Bank of America raised Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target on the stock in a research note on Thursday, June 25th. Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Weiss Ratings raised Nomura from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Finally, Nomura upgraded Nomura to a “buy” rating and set a $10.20 target price on the stock in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $10.20.

Check Out Our Latest Stock Analysis on Nomura

Nomura Stock Down 0.1%

NMR stock opened at $9.68 on Friday. The company has a market cap of $28.38 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.05 and a beta of 0.69. Nomura has a 52 week low of $6.59 and a 52 week high of $10.06. The company’s 50-day moving average price is $9.04 and its 200 day moving average price is $8.65. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06.

Nomura (NYSE:NMR – Get Free Report) last issued its earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share for the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. The company had revenue of $4.19 billion for the quarter. On average, research analysts expect that Nomura will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of Nomura

Several institutional investors and hedge funds have recently modified their holdings of NMR. Fisher Asset Management LLC increased its stake in shares of Nomura by 32.4% during the 4th quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider’s stock worth $110,341,000 after purchasing an additional 3,221,008 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in Nomura by 2.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider’s stock valued at $106,516,000 after buying an additional 274,787 shares in the last quarter. Morgan Stanley grew its holdings in Nomura by 7.0% during the 4th quarter. Morgan Stanley now owns 9,815,360 shares of the financial services provider’s stock valued at $82,351,000 after buying an additional 638,424 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Nomura by 3.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,229,415 shares of the financial services provider’s stock valued at $43,875,000 after buying an additional 175,201 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Nomura by 18.4% during the first quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock worth $20,097,000 after buying an additional 395,656 shares in 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 is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.

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