Nintendo (OTCMKTS:NTDOY) Rating Increased to Strong-Buy at Wedbush

Wedbush upgraded shares of Nintendo (OTCMKTS:NTDOY) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on NTDOY. Benchmark upgraded Nintendo to a “strong-buy” rating in a research note on Monday, May 19th. Citigroup started coverage on shares of Nintendo in a report on Friday, May 2nd. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on Nintendo in a report on Tuesday, March 25th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Nintendo Trading Down 1.3%

Shares of Nintendo stock opened at $22.82 on Tuesday. The stock has a market cap of $118.54 billion, a price-to-earnings ratio of 58.51 and a beta of 0.63. Nintendo has a twelve month low of $11.36 and a twelve month high of $24.09. The company has a fifty day moving average price of $21.06 and a 200 day moving average price of $18.25.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Nintendo had a net margin of 23.81% and a return on equity of 10.51%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $215.06 billion. Analysts forecast that Nintendo will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its holdings in shares of Nintendo by 192.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company’s stock worth $31,000 after acquiring an additional 1,201 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Nintendo by 16.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock valued at $91,000 after acquiring an additional 749 shares in the last quarter. SVB Wealth LLC acquired a new position in Nintendo in the 4th quarter worth approximately $192,000. GAMMA Investing LLC grew 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. Finally, Sterling Capital Management LLC acquired a new stake in Nintendo during the 4th quarter valued at $605,000. 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.