Nomura (NYSE:NMR) Reaches New 52-Week High – Still a Buy?

Nomura Holdings Inc ADR (NYSE:NMR)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $9.91 and last traded at $9.7450, with a volume of 1182967 shares traded. The stock had previously closed at $9.62.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NMR. Weiss Ratings downgraded shares of Nomura from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Nomura raised shares of Nomura to a “buy” rating and set a $10.20 price target for the company in a research report on Thursday, June 25th. Bank of America upgraded shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target for the company in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. raised Nomura from a “neutral” rating to an “overweight” rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $10.20.

Nomura Price Performance

The company’s 50 day moving average price is $8.60 and its 200 day moving average price is $8.55. The company has a debt-to-equity ratio of 7.38, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $28.59 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 2.76 and a beta of 0.69.

Nomura (NYSE:NMR) last announced its earnings results on Friday, April 24th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). Nomura had a return on equity of 9.70% and a net margin of 7.64%.The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.43 billion. On average, equities research analysts predict that Nomura Holdings Inc ADR will post 0.8 earnings per share for the current fiscal year.

Institutional Trading of Nomura

Several hedge funds have recently modified their holdings of NMR. V Square Quantitative Management LLC bought a new position in shares of Nomura in the fourth quarter valued at approximately $25,000. Allworth Financial LP grew its position in shares of Nomura by 90.7% during the 4th quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,447 shares during the period. Eastern Bank acquired a new stake in shares of Nomura during the 2nd quarter worth approximately $31,000. Farther Finance Advisors LLC raised its stake in shares of Nomura by 101.2% during the fourth quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider’s stock worth $42,000 after buying an additional 2,515 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Nomura by 1,019.0% during the second quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock worth $42,000 after buying an additional 5,859 shares during the last quarter. Institutional investors and hedge funds own 15.14% of the company’s stock.

Nomura Company Profile

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.